1) How many main macro-objectives does the government have? a) 3 b) 4 c) 5 d) 6 2) If GDP grew by 5% but the inflation rate was 3% then real GDP would be.... a) 0% b) 2% c) 3% d) 5% 3) The more an economy grows the more unequal society becomes a) True b) False 4) Claimant count a) includes all unemployment people b) includes people who claim benefits c) includes everyone who has a job d) a sample of households who are actively seeking work 5) This is caused by workers moving between jobs. a) seasonal unemployment b) frictional unemployment c) structural unemployment d) technological unemployment 6) The current rate of inflation in the UK is? a) 2% b) 3.5% c) 4.0% d) 5.2% 7) The governments target for inflation is a) 0% b) 1% c) 2% d) 4% 8) The government uses this to control inflation a) exchange rates b) interest rates c) taxation d) Claimant count 9) This is when shoppers spend time shopping around to find a reasonable price a) income distribution problems b) menu costs c) shoe leather costs d) labour market problems 10) this is where the largest proportion of government spending goes a) debt interest b) social protection c) education d) NHS 11) This is a tax on compay profits a) corporation tax b) inheritance tax c) VAT d) Income tax 12) VAT is an a) indirect tax b) direct tax 13) This is a policy to reduce the inequalities of income a) distribution of income b) redistribution of income c) supply side policy d) Fiscal Policy

quiz macro

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