,Exam Paper for Macroeconomics in BBA (with Answers)
PAPER # 1
**Macroeconomics Exam Paper**
**Duration: 2 hours**
**Instructions:**
1. Answer all questions.
2. Read each question carefully and provide concise, clear, and well-
structured answers.
3. You may use a calculator.
4. This is a closed-book exam. No notes or textbooks allowed.
5. Write your answers in the space provided. If you need additional space,
use the back of the page.
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**Section A: Multiple Choice (20 marks)**
Choose the correct answer for each question and mark it on the answer
sheet.
1. Which of the following is a macroeconomic variable?
a) Individual income
b) Household consumption
c) National GDP
2
, d) Company profit
2. The unemployment rate is calculated as:
a) (Number of unemployed / Labor force) x 100
b) (Number of employed / Labor force) x 100
c) (Number of employed / Total population) x 100
d) (Number of unemployed / Total population) x 100
3. Inflation is best defined as:
a) An increase in the overall level of prices in an economy.
b) A decrease in the overall level of prices in an economy.
c) A decrease in the overall level of output in an economy.
d) An increase in the overall level of income in an economy.
4. Which of the following is a fiscal policy tool used to combat recession?
a) Increasing government spending
b) Reducing taxes
c) Decreasing the money supply
d) Raising interest rates
5. What is the term for the total value of all final goods and services
produced within a country's borders in a given period, usually a year?
a) Gross National Product (GNP)
b) Gross Domestic Product (GDP)
c) Net National Product (NNP)
d) Net Domestic Product (NDP)
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