NAME: ________________________

Macroeconomics Test

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5 Written Questions

5 Matching Questions

  1. Rural Population
  2. intermediate products
  3. GDP per capita
  4. center of population
  5. nonmarket transactions
  1. a economic activities that do generate expenditures in the market; mowing your own lawn
  2. b products that are components of other final products included in GDP;tires or radios on a new car
  3. c GDP divided by the population, to get the amount of output per person
  4. d makes up the remiander of the total ; people who live in sparsely populated areas along the fringes of cities
  5. e the point where the country would balance if it could be laid flat and everyone weighed the same

5 Multiple Choice Questions

  1. the high birthrate years from 1946 to 1964
  2. a year that servesw as the basis of comparison for all other years
  3. the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
  4. people living in incor[porated cities, villages, or towns with 2,500 or more inhabitants
  5. the sales of used goods

5 True/False Questions

  1. infrastructurea year that servesw as the basis of comparison for all other years

          

  2. personal income(PI)the total amount of income going to consumers before individual taxes are subtracted

          

  3. Net National Product(NNP)gross national product minus depreciation charges for wear and tear on capital equipment

          

  4. current GDPgross domestic product measured in current prices unadjusted for inflation

          

  5. real GDPgross domestic product measured in current prices unadjusted for inflation

          

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