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Micro & Macro Economics Quiz Questions
A sample of the 10 questions below — instant scoring and an explanation for every answer. No sign-in required to play.
Question 1
What term refers to the total value of goods and services produced within a country in a year?
AConsumer Price Index
BBalance of Trade
CGross Domestic Product
DFiscal Deficit
Question 2
Which tool does a government use when it adjusts tax rates and public spending to influence the economy?
AMonetary policy
BTrade policy
CIndustrial policy
DFiscal policy
Question 3
According to the law of demand, as the price of a good increases, what typically happens to quantity demanded?
AIt decreases
BIt increases
CIt stays the same
DIt becomes infinite
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