NAME: ________________________

Macroeconomics Test

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5 Written Questions

5 Matching Questions

  1. real GDP
  2. Net National Product(NNP)
  3. secondhand sales
  4. Urban Population
  5. underground economy
  1. a people living in incor[porated cities, villages, or towns with 2,500 or more inhabitants
  2. b the sales of used goods
  3. c gross national product minus depreciation charges for wear and tear on capital equipment
  4. d economic activities that are not reported for legal or tax collection purposes; like gambling or smuggling
  5. e gross domestic product after adjustments for inflation

5 Multiple Choice Questions

  1. An official count of all the people living in the United States including their place of residence
  2. economic activities that do generate expenditures in the market; mowing your own lawn
  3. the high birthrate years from 1946 to 1964
  4. the total amount of income going to consumers before individual taxes are subtracted
  5. the dollar amount of all final goods and services produced within a country's borders in a year.

5 True/False Questions

  1. Rural Populationmakes up the remiander of the total ; people who live in sparsely populated areas along the fringes of cities

          

  2. macroeconomicsthe study of the economy as a whole, including topics such as inflation, unemployment, and economic growth

          

  3. disposable personal income(DPI)the total amount of income going to consumers before individual taxes are subtracted

          

  4. base yeara year that servesw as the basis of comparison for all other years

          

  5. Gross National Product(GNP)total dollar value of all final goods, services, and structures produced in one year with labor and property owned by a contry's residents, regardless of where the production takes place: largest measure of a nations income

          

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