Economics Review Game: Question Preview (ID: 14494)

Below is a preview of the questions contained within the game titled ECONOMICS REVIEW GAME: Macroeconomic Measures Of Performance, Consumption, Saving, Investment, And The Multiplier,demand And Supply .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

What is the formal for finding Real GDP
a) Nominal GDP- inflation
b) 100(Nominal GDP)(Price Index)
c) 100(Nominal GDP)/(Price Index)
d) Change in Nominal GDP + Price Index

What is the difference between GDP Deflator and CPI
a) CPI includes only the typical consumers goods, GDP includes all goods
b) CPI is inflation and GDP is a ratio of change
c) CPI includes all goods, GDP includes only the typical consumer's goods
d) None of the above

Which of the following is not included in GDP
a) Housework done as chores
b) investment in future technology
c) government purchase of a plane
d) Purchase of a house

The Supply Curve shifts to the right due to new technology, while the Demand curve shifts to the left because a substitute good costs less, what does this do to the quantity eq.
a) Increases Quantity
b) Decreases Quantity
c) Shifts to the left
d) Ambiguous

Which does not affect Supply
a) Increase on the tax of the good
b) The consumer\'s income rises
c) The number of other suppliers decreases
d) Another good they can make will bring more revenue

Which way will the Supply curve of bagels if the price of yeast decreases
a) To the right
b) Up
c) No shift in supply curve
d) To the left

Which of the following does not shift the Demand for ice cream to the left
a) The price for Frozen Yogurt decreases
b) There is a great emigration of people out of the United States to Paris, France
c) The consumer\'s income decreases
d) The price of sprinkles decreases

The price of hot dogs rises greatly what is the effect on the demand of ketchup
a) There is no effect
b) The demand decreases
c) The demand increases
d) The supply of ketchup increases

What is the Law of Demand?
a) There is a negative relationship between price and quantity demanded
b) There is a positive relationship between price and quantity demanded
c) There is no relationship between price and quantity demanded
d) To Demand in great amounts is illeagal

What are the components of GDP
a) Consumption and Net Exports
b) Consumption, Government Spending, Investment, and Net Exports
c) Consumer Spending, Government Spending, Investment, and Net Exports
d) Consumer selling, Government Taxes, Inflation, and Net Exports

Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 14494 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register