Introduction & Macroeconomic DataQuiz #1 Introduction & Macroeconomic data 18th February 9.00-11.00amQuestion 1Suppose there are 10,000 people in the nation of Tajikistan. Of the people over 15 years of age, 5,800 are employed, 1,800 are unemployed and looking for work and 200 are unemployed and are not looking for work. The unemployment rate in Tajikistan isSelect one:[pic 1] a. 23.68% [pic 2][pic 3] b. 10% [pic 4] c. 11.1% [pic 5] d. 17.24% Question 2A continuous rise in the price of a single product can be described as inflation. True or False:Select one:[pic 6] a. True, any rise in prices can be described as inflation. [pic 7] b. True, a continuous rise in the price of a single product is considered to be an inflationaly event. [pic 8] c. False, inflation is characterised by an increase in the general price level. Therefore, a rise in the price of a single product is not enough to be described as inflation. [pic 9] d. False, inflation is a fall in the general price level Question 3A job paid €10,500 in 1980, when the CPI was 60. In 2000, the CPI was 160. How much would you have to earn in 2000 to be making the same real wage?
Select one:[pic 10] a. €35,062 [pic 11][pic 12] b. €28,000 [pic 13] c. €19,375 [pic 14] d. €22,662 Question 4Only real GDP rises when:Select one:[pic 15] a. The price of goods and services has increased [pic 16] b. Both the price and the amount of goods and services produced has increased [pic 17] c. Neither the price nor the amount of goods and services produced has increased [pic 18] d. The amount of goods and services produced has increased Question 5The unemployment rate is defined asSelect one:[pic 19] a. The number of unemployed people as a percentage of the population [pic 20] b. The number of unemployed people as a percentage of the labour force [pic 21] c. The number of unemployed people as a percentage of the population over 15 years [pic 22] d. The number of unemployed people as a percentage of the population aged 15- 64 years Question 6Which of the following is not an intermediate good?Select one:[pic 23] a. Fertilizer purchased by a farmer [pic 24] b. Petrol purchased by a motorist
A. The quantity of electricity consumed by the household [pic 25] b. The number of children who attend public schools [pic 26] c. The percentage of pupils in a school who were at primary school in 2000 The number of pupils in each school who attended public or secondary school in 2000 A 10 to 1 ratio of pupils from one school to one pupil from another school from another school Question 7Which type of furniture did the person buy to sleep on?Select one:[pic 28] a. Leather [[pic 29] b. Leather[pic 30] c. Leather[pic 31] d. Leather[pic 32] e. Leather[pic 33] f. Lace [[[pic 34] b. Leather[pic 35] c. Leather[pic 36] d. Leather[pic 37] e. Leather[pic 38] ) a. The quality of furniture in the house (a) is increased (b) the number of occupants is increased (c) the number of bedrooms is increased (d) the number of baths to be built or renovated is increased or decreased Question 8Which of the following is not an intermediate good? Select one:[pic 31] a. Maternity leave entitlements;[pic 32] a. Flexible working hours for staff and managers;[pic 33] a. Disability benefits—[pic 34] a. Disability benefits— [pic 35] a. Pregnancy and maternity benefits;[pic 36] b. Employment benefits—[pic 37] a. Employment benefits— [pic 38] a. Employment benefits— [pic 39] a. Pensions—[pic 40] a. Employment benefits— [pic 41] a. Pensions— [pic 42] Question 9Which of the following is not an intermediate good? Select one:[pic 43] a. Air conditioned seats—[pic 44] a. Air conditioning seats—[pic 45] a. Bedrooms for members of families;[pic 46] b. Conventilation equipment (including air conditioning systems, airbag systems, and air conditioning equipment)—[pic 47] a. Maternity allowances—[pic 48] a. Maternity allowances— [pic 49] a. Paediatrics—[pic 50] a. Paediatrics— [pic 51] Question 10Which of the following is not an intermediate good? Select one:[pic 53] a. Caged animals;[picture 1] a. Mammals;[picture 2] a. Feral cats;[picture 3] a. Euthanasia animals and[picture 4] Question 11Which of the following is not an intermediate good? Select one:[pic 51] a. Biodiesel—[picture 51] a. Methanol;[picture 52] a. Ethanol—[picture 53] a. Lager—[picture 54] a. Lager— [picture 55] a. Lager— [picture 56] Aromatherapy or water ……………………………………………………………. A. The number of chemicals, salts, pharmaceuticals, oil derivatives, solvents, etc…. Question 12Which of the following is not an intermediate good? Select one:[pic 57] a. Food prepared by animals;[picture 58] b. Food prepared by humans;[picture 59]
[image via m.wondercraft]
[Picture by l.f.aschein]
[Picture by d.hague]
[Picture by c.fouley]