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Macroeconomics Theory Final Q2

The document is a quiz completed by Michelle M. Esperal on Macroeconomics Theory and Practice. It consists of 10 multiple choice questions testing knowledge of macroeconomics concepts like twin deficits, constant returns to scale, endogenous growth theory, and Thomas Malthus' theory of population. Michelle scored 100% by correctly answering all 10 questions.

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Michelle Esperal
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218 views6 pages

Macroeconomics Theory Final Q2

The document is a quiz completed by Michelle M. Esperal on Macroeconomics Theory and Practice. It consists of 10 multiple choice questions testing knowledge of macroeconomics concepts like twin deficits, constant returns to scale, endogenous growth theory, and Thomas Malthus' theory of population. Michelle scored 100% by correctly answering all 10 questions.

Uploaded by

Michelle Esperal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Macroeconomics Theory and Practice by

Michelle M. Esperal

Final Quiz 2
Completed on Tuesday, 8 August 2023, 3:58 PM

Grade 10.00 out of 10.00 (100%)

Question 1
Question text
_____ an increase in government debt is accompanied by an increase in the foreign trade
deficit (imports exceeds exports)

Question 1Select one:

a.

Crowding out

b.

Ricardian Equivalence

c.

Twin Deficits

d.

None of the choices


Question 2
Question text
_____ simply means that if the labor force grows at 2% per year and capital grows at 2% per
year (the capital-labor ratio in this steady state model is constant) then output also grows at
2% per year.

Question 2Select one:

a.

None of the choices

b.

PPP

c.

Government deficits

d.

Constant returns to scale

Question 3
Question text
Comparing growth rates across countries is not a problem despite differences in currencies
because growth rates are _____ of the units of measurement.

Question 3Select one:

a.

None of the choices

b.

Dependent
c.

Independent

d.

Different

Question 4
Question text
Endogenous growth theory, first developed by _____

Question 4Select one:

a.

Robert Solow

b.

Thomas Malthus

c.

Robert Lucas

d.

Paul Romer

Question 5
Question text
Business cycle refers to the physical output of the economy or _____.

Question 5Select one:

a.
None of the choices

b.

Fluctuations in firms' stock prices over time.

c.

Real GDP

d.

Changes in the unemployment rate caused by the hiring and firing of employees

Question 6
Question text
The _____ test would involve entering economic growth rates for selected countries in a
spreadsheet and statistically comparing growth rates for those two groups of years.

Question 6Select one:

a.

Analytical

b.

None of the above

c.

Empirical

d.

Statistical
Question 7
Question text
Disposable income to national income formula where,
Y = national income,
TR = government transfer paymentss (e.g., social security)
TA = taxes paid
Question 7Select one:

a.

(YD=Y+TR-TA)

b.

(YD=Y+TR/TA)

c.

None of the choices

d.

(YD=Y+TR+TA)

Question 8
Question text
Exchange rates can be fixed or floating.

Question 8Select one:

True

False

Question 9
Question text
In comparing growth of countries as to levels of output or income across countries we run
into the problem of differences in currencies
Question 9Select one:

True

False

Question 10
Question text
_____ applied the concept of declining returns when he conjectured in 1798 (An Essay on the
Principle of Population) that the world population would eventually outgrow the capability
to produce food.

Question 10Select one:

a.

Thomas Malthus

b.

Paul Romer

c.

Robert Solow

d.

None of the choice

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