Test Bank: Exam (elaborations) Macroeconomics (BFE0019)
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Course
Macroeconomics (BFE0019)
Institution
The University Of Huddersfield (UoH)
Your document focuses on exam questions specifically related to the first topic in macroeconomics. It includes essential questions that cover fundamental concepts, such as the definition of macroeconomics, key economic indicators like GDP and inflation, and the differences between macro and microec...
A- Economy fluctuates in short tun due to spending
B- Economy grows in long run due to population growth
C- Demand side policies (monetary/fiscal policy) minimise short run
fluctuations stablise spending
D- Supply side policies aim to increase long run growth promote
investment and innovation
E- All the above
2. Which of the following statements are TRUE?
A- Economy grows in short tune due to volatility in spending
B- Economy fluctuates in long run due to population growth
C-Demand side policies (monetary/fiscal policy) minimise short run
fluctuations stablise spending
D-Supply side policies aim to increase long run growth promote
investment and innovation
E- All the above
3. Which other following statements are TRUE?
A- GDP measures total production within an economy in a year
B- GDP measures total income within an economy in a year
C- GDP measures total expenditure in an economy in a year
D- All the above
4. Which of the following statements are TRUE?
A- If country A gas a higher GDP, then country B it means country A
has a bigger economy than country B not necessarily means
people who live in country A are richer
B- GDP per capita measures average incomes in economy
C- If country A has a higher GDP per capita than country B it means
people who live in country A are richer than country B does not
necessarily mean they have a bigger economy
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