Question :
1) Macroeconomics mainly concerned with the study of
A) individual : 1384341
1) Macroeconomics is mainly concerned with the study of
A) individual households and how they deal with problems like inflation and unemployment.
B) large economic units such as General Motors or Molson Breweries.
C) fluctuations and trends in disaggregated data.
D) fluctuations and trends in aggregated data.
E) governments and their intervention in individual markets.
2) The economic problems studied in macroeconomics include:
1) the level of economic activity;
2) competition policy;
3) the rate of unemployment.
A) 1 only
B) 2 only
C) 3 only
D) 1 and 2
E) 1 and 3
3) An example of a topic outside the scope of macroeconomics is
A) changes in the price of a particular good in a specific market.
B) changes in the unemployment rate.
C) the aggregate growth rate of the economy.
D) the overall level of unemployment.
E) the level of productivity, as compared with that in the United States.
4) An equivalent term for “real national income” is
A) nominal national income.
B) current-dollar national income.
C) constant-dollar national income.
D) actual national income.
E) potential national income.
5) A nation’s real national income in a given year measures the
A) dollar income earned by the nation’s producing sector.
B) value of output produced by the economy, measured in constant dollars.
C) level of national income that is subject to taxation by the federal government.
D) market value of national output produced by the economy.
E) opportunity cost of the economy’s national output.
6) Real national income
A) always equals nominal national income.
B) changes by the same amount and in the same direction as does nominal national income.
C) changes only when the underlying quantities change.
D) refers to national income with no adjustment for changes in prices.
E) refers to national wealth but is not an indicator of current production.
7) In macroeconomics, the term “national income” refers to
A) all sales of both current production and used goods.
B) only those sales of currently produced goods sold to other nations.
C) the value of a nation’s total wealth.
D) the value of the income generated by the production of total output.
E) total current spending by all households.
8) An upward trend in real national income over an extended period of time is called
A) an inflationary boom.
B) aggregate output.
C) constant-dollar national income.
D) potential national income.
E) economic growth.
9) Suppose that in 2013 Canada’s automobile manufacturers produced 2 million cars priced at $20 000 each. And in 2014 they produced 1 million cars priced at $40 000 each. Ceteris paribus, the change in nominal national income is
A) a decrease because fewer cars were produced.
B) an increase because the price of each car increased.
C) insufficient information to know.
D) no change in nominal national income.
E) an increase because of inflation.
10) Suppose Honest Rob’s Used Cars buys a used car for $2000 and resells it for $3000. The result of Honest Rob’s transactions is to
A) decrease the value of national income by $3000.
B) decrease the value of national income by $1000.
C) leave the value of national income unchanged.
D) increase the value of national income by $1000.
E) increase the value of national income by $3000.
or Waypoint 
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