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Macroeconomic Issues in Business

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following BEST defines macroeconomics?

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1. Why does a business owner care about inflation?

2. Why does a business care about unemployment?

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About This Quiz & Worksheet

Examining the key factors to the overall economy, this quiz and corresponding worksheet will help you gauge your knowledge of macroeconomic business issues. Topics you'll need to know to pass the quiz include understanding the best explanation of macroeconomics as well as knowing why a business owner would care about inflation.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to test yourself on:

  • Definition of macroeconomics
  • Why a business owner would care about inflation
  • Importance of understanding unemployment
  • How a country's economic output is measured
  • Reason a business should know about interest rates

Skills Practiced

  • Interpreting information - verify you can read information regarding why a business owner would care about inflation and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about how a country's economic output is measured
  • Reading comprehension - ensure that you draw the most important information from the related macroeconomic business lesson

Additional Learning

To learn more about what really drives our economy, review the corresponding lesson titled Macroeconomic Issues in Business . This lesson will help you:

  • Understand the meaning of macroeconomics
  • Identify its main factors
  • Describe the characteristics of each factor in our economy
  • Show how the costs for goods and services can go up
  • Appreciate the effect today's technology has on our economy
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