AP Macroeconomics: Homeschool Curriculum Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. What is the major drawback of using nominal GDP to measure the economic output of a nation?

Question 2 2. Why is the balance of payments useful for understanding the state of the economy?

Question 3 3. What are the two methods economists use to measure Gross Domestic Product (GDP)?

Question 4 4. All other things equal, which of the following monetary policies would be used to increase exports?

Question 5 5. Which of the following statements is NOT true regarding fiscal and monetary policy?

Question 6 6. What's a depression?

Question 7 7. Lydia deposits $70,000 into the First National Bank of Ceelo. The required reserve ratio is 10%. How much will the money supply increase if the bank loans out excess reserves?

Question 8 8. Which best defines aggregate supply in the short-run?

Question 9 9. What are the primary goals of fiscal and monetary policy?

Question 10 10. How does the theory of rational expectations relate future economic outcomes to the behavior of those making market decisions?

Question 11 11. Which of the following statements is FALSE regarding the discount rate?

Question 12 12. What is the formula needed to calculate real GDP growth rate?

Question 13 13. How does the demand curve for money shift?

Question 14 14. When the Fed lowers the discount rate, what will happen?

Question 15 15. When a deposit is made into a bank, what does the bank do?

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AP Macroeconomics: Homeschool Curriculum Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

AP Macroeconomics: Homeschool Curriculum  /  Business Courses
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