Top 50+ Solved Basic concepts of Macro economics MCQ Questions Answer
Q. Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balanceare:
a. macro, since they tell us something about the entire economy
b. neither macro nor micro, but properly in the realm of political science
c. both micro and macro
d. micro, since they affect individual households and firms
Q. What do you mean by a mixed economy?
a. modern and traditional industries
b. public and private sectors
c. foreign and domestic investments
d. commercial and subsistence farming
Q. In Economics, a good is something which,
a. is a service
b. can be a service
c. appears appealing
d. satisfies wants and needs
Q. The basic factors of production are land, labour, capital and,
a. enterprise
b. investment
c. machinery
d. resources
Q. Macroeconomics became popular after-------------
a. great depression of 1929- 33
b. 1972-73
c. 1996- 97
d. 2006- 07
Q. The term ‘macro’ has been derived from--------------
a. greek word ‘makros’ which means large
b. english word ‘makros’ which means large
c. greek word ‘makros’ which means small
d. french word ‘makros’ which means large
Q. In macroeconomics, we study about ------------------
a. theory of national income & employment
b. theory of money supply & price level
c. theory of international trade & eco growth
d. all of the above.
Q. Which of the following is/are the goals of macroeconomics-----------?
a. to achieve higher level of gdp
b. to achieve higher level of employment
c. stability of prices
d. all the above