stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Macroeconomics First Partial Exam Game Flashcards | StudBud
Explore
/
Macroeconomics First Partial Exam Game
Macroeconomics First Partial Exam Game
32 terms
·
StudBud Administration
·
160 plays
#Macroeconomics #IB
Flashcards
32 cards
F
Practice quiz
P
Host live
L
Questions
32
Answers
1
If exchange rates (e) decrease, then...
Imports increase
Imports decrease
Exports increase
Exports decrease
2
If a company decides to store some of its products to sell in the future...
Goes to current GDP
Good for them
Its profits will increase
Do not go to current GDP
3
The sale of Elvis Presley´s jail-jacket goes to USA GDP 2018
False
True
4
Keynes is concerned about explaining the boost in the business cycle
False
True
5
National inflation > Trading partner inflation
Imports increase
Exports decrease
Imports decrease
Exports increase
6
Interest goes to...
Entrepreneurship
Labour
Land
Capital
7
Hayek is concerned about explaining the boost in the business cycle...
False
True
8
Number (4) in the picture is what GDP method?
Income method
Expenditure method
Output method
Added value method
9
Number (3) in the picture is what GDP method?
Progress method
Expenditure method
Income method
Output method
10
Wages go to...
Land
Entrepreneurship
Labour
Capital
11
GNI - depreciation
GDP
GNP
GDP per capita
NNI
12
It is NOT an injection of national income...
Exports
Government Spending
Pensions
Investment
13
If injections rise more than leakages then the economy will...
Move to a new equilibrium
Become a monarchy
Decrease
Be in equilibrium
14
It is NOT a leakage of national income...
Exports
Imports
Savings
Taxes
15
Investment creates economic growth
True
False
16
Y = C + I
Closed economy
Open economy without government
Open economy with government
Closed economy without government
17
If I invest $10,000 to improve my house, that amount goes to current GDP
False
True
18
Number (2) in the picture is what GDP method?
Mathematical method
Expenditure method
Income method
Output method
19
A company sells some of its reamining stock...
Goes to current GDP
It is an injection of national income
Nice
Do not count to current GDP
20
GDP + Net property income from abroad
PPP
GNI
NNI
GDP per capita
21
The black economy is included in...
GNI
None of them
GDP per capita
GDP
22
It is a transfer of payments...
Unemployment benefits
Net Exports
Taxes
Investment
23
Rent
Entrerpreneurship
Land
Capital
LABOUR
24
Periodic fluctuations in economic activity measured by changes in real GDP
Governement spending
Natural unemployment rate
Economic Growth
Business cycle
25
The price inputs should be equal to the total added value in each stage of production
True
False
26
It is NOT one of the 5 main concerns of Macroeconomics...
Price discrimination
Price stability
Income distribution
Employment level
27
Number (1) in the picture represents...
Goods and services
Wages, rent, interest and profits
Factors of production
Expenditure on goods and services
28
If Nominal GDP > Real GDP, then...
Inflation
Deflation
Economic growth
Prices are the same
29
If interest rates rise...
Investment is likely to decrease
Investment is likely to increase
30
If exchange rate rises (e) then
Exports become relatively cheaper
None of them
Exports become relatively more expensive
31
If exchange rate (e) rises then...
Imports increase
Imports decrease
Exports increase
Exports decrease
32
If interest rates rise...
Consumption is likely to decrease
Consumption is likely to increase
