Ch 74: NES: Macroeconomic Equilibrium

About This Chapter

Watch video lessons to get up to speed on the macroeconomic equilibrium-related information you'll need to know for the National Evaluation Series (NES) Middle Grades Social Science exam.

NES: Macroeconomic Equilibrium - Chapter Summary

The lessons and quizzes in this chapter will get you caught up on macroeconomic equilibrium for the NES Middle Grades Social Science exam. Lesson topics in this chapter include the following:

  • Calculating real gross domestic product (GDP) with the GDP deflator
  • Full employment GDP
  • Contractionary and expansionary gaps in the GDP
  • Differences between recession and depression

These lessons use clear instruction and plenty of visual aids to get you up to speed in no time. Each lesson lasts about five minutes and comes with a full written transcript. Get an idea of the format of NES macroeconomics questions with practice quizzes and the chapter exam.

NES: Macroeconomic Equilibrium Objectives

Use the study resources in this chapter to get ready for questions about macroeconomic equilibrium in the Economics subsection of the NES Middle Grades Social Studies exam. This section of the exam accounts for about 12% of the total test score. The test as a whole lasts three hours and consists of 150 multiple-choice questions on history, geography, culture, government and economics. Passing the NES Middle Grades Social Science exam is a certification requirement for middle school social science teachers in some states.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Other Chapters

Other chapters within the NES Middle Grades Social Science (202): Practice & Study Guide course