macro economics

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  • Created by: amit
  • Created on: 21-04-15 21:22

1. People who would like to work full time, but are able to find only part-time work are officially counted as:

  • chronically unemployed
  • out of the labour force.
  • employed.
  • discouraged workers
  • unemployed.
1 of 20

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2. A decrease in the official value of a currency in a fixed-exchange-rate system is called a(n):

  • overvaluation.
  • devaluation
  • depreciation.
  • revaluation
  • appreciation.

3. People who enjoy high standards of living usually have all of the following EXCEPT:

  • freedom from scarcity.
  • more and better consumer goods.
  • higher literacy rates
  • longer life expectancies.
  • better general health.

4. If consumption increases by €9 when after-tax disposable income increases by €10, the marginal propensity to consume equals:

  • 9.0
  • 0.9
  • 1.0
  • 0.1
  • 10.0

5. The greater demand for paid childcare services as women's labour force participation increases represents primarily:

  • a switch from non-market to market production.
  • a decrease in economic activity.
  • a decrease in GDP.
  • an increase in economic activity.
  • a switch from market to non-market production.

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