Measuring Economic Performance MCQ MCQs (Macroeconomics)

Join our newsletter for the latest updates.

Coming Soon

Our Products

Skill Assessment

Categories

MCQs

PDFs

Buy us a coffee

Company

About

Advertising

Terms & Conditions

Sitemap

Contact

Blog

Coming Soon

Buy us a coffee

MCQ on Aggregate Demand and Supply	MCQ on Aggregate Expenditure Model
MCQ on Economic Growth in the Global Economy	MCQ on Financial Markets, Saving, and Investment
MCQ on Fiscal Policy in Economics	MCQ on Introduction to Macroeconomics
MCQ on Issues in Macroeconomic Theory and Policy	MCQ on Measuring Economic Performance
MCQ on Monetary Policy of Economics	MCQ on Money, Banking, and the Federal Reserve System
General Macroeconomics MCQs

Measuring Economic Performance MCQ

1. Hubble's law was discovered using measurements of two properties of a galaxy: _ and _.

2. Externalities are the effects caused by ______.

3. GDP fails to take into account which of the following?

4. Which of the following is an accurate statement about nonmarket transactions?

5. What is the only measurement that can be used to compare GDP over time?

6. The real output of goods and services per person is called the real ______ per capita.

7. Which of the following often makes comparing GDP over time misleading?

8. If GNP is $15,000 and depreciation is $3,000, NNP is ______.

9. ______ are annual allowances set aside to replace worn-out capital.

10. X – M is the equation for ______.

11. Cheese is an example of a ______ good.

12. With the expenditure approach, what abbreviation represents exports?

13. In economics, an investment refers to the creation of ______.

14. Since 1929, consumption has been ______ of total expenditures for goods and services for the GDP.

15. For the economy as a whole, which of the following must equal spending?

16. The ______ is used to measure the value of goods and services for GDP.

17. Real output of goods and services per person is real gross domestic product per capita

18. Capital goods that increase future production capabilities are producer goods.

19. The amount of income received by households before personal taxes is called

20. ____ items consumed in a short period of time, such as food

21. Net national product is GNP ___ depreciation

22. A uniform means of measuring economic performance is national income accounting

23. ____ income is measure of income earned by owners of the factors of production

24. The creation of capital goods to augment future production is called

25. Purchases that add to the stocks of goods kept by the firm to meet consumer demand is ____ investment

26. Taxes, such as sales tax, levied on goods and services sold is ___ business taxes

27. Gross domestic product is measure of economic performance based on the value of all final goods and services produced within a country during a given period

28. All new spending on capital goods by producers is ___ investment

29. Wages (salaries), rent, interest payments, and profits paid to the owners of productive resources are factor payments

30. The calculation of GDP by adding the expenditures of market participants on final goods and services over a given period is expenditure approach

31. Longer-lived consumer goods, such as automobiles are durable goods

32. Adding the value of a good or service more than once by mistakenly counting the intermediate goods and services in GDP is ____ counting

33. Disposable personal income is the personal income available after personal taxes

34. Annual allowance set aside to replace worn-out capital is called

35. Purchases of final goods and services is called

Measuring Economic Performance MCQ

1. Hubble's law was discovered using measurements of two properties of a galaxy: _______ and _______.

2. Externalities are the effects caused by ______.

3. GDP fails to take into account which of the following?

4. Which of the following is an accurate statement about nonmarket transactions?

5. What is the only measurement that can be used to compare GDP over time?

6. The real output of goods and services per person is called the real ______ per capita.

7. Which of the following often makes comparing GDP over time misleading?

8. If GNP is $15,000 and depreciation is $3,000, NNP is ______.

9. ______ are annual allowances set aside to replace worn-out capital.

10. X – M is the equation for ______.

11. Cheese is an example of a ______ good.

12. With the expenditure approach, what abbreviation represents exports?

13. In economics, an investment refers to the creation of ______.

14. Since 1929, consumption has been ______ of total expenditures for goods and services for the GDP.

15. For the economy as a whole, which of the following must equal spending?

16. The ______ is used to measure the value of goods and services for GDP.

17. Real output of goods and services per person is real gross domestic product per capita

18. Capital goods that increase future production capabilities are producer goods.

19. The amount of income received by households before personal taxes is called

20. ____ items consumed in a short period of time, such as food

21. Net national product is GNP ___ depreciation

22. A uniform means of measuring economic performance is national income accounting

23. ____ income is measure of income earned by owners of the factors of production

24. The creation of capital goods to augment future production is called

25. Purchases that add to the stocks of goods kept by the firm to meet consumer demand is ____ investment

26. Taxes, such as sales tax, levied on goods and services sold is ___ business taxes

27. Gross domestic product is measure of economic performance based on the value of all final goods and services produced within a country during a given period

28. All new spending on capital goods by producers is ___ investment

29. Wages (salaries), rent, interest payments, and profits paid to the owners of productive resources are factor payments

30. The calculation of GDP by adding the expenditures of market participants on final goods and services over a given period is expenditure approach

31. Longer-lived consumer goods, such as automobiles are durable goods

32. Adding the value of a good or service more than once by mistakenly counting the intermediate goods and services in GDP is ____ counting

33. Disposable personal income is the personal income available after personal taxes

34. Annual allowance set aside to replace worn-out capital is called

35. Purchases of final goods and services is called

1. Hubble's law was discovered using measurements of two properties of a galaxy: _ and _.