Macroeconomics International Edition 5th Edition – Test Bank

Macroeconomics International Edition 5th
Edition – Test Bank

,Macroeconomics, 5e
(Williamson) Chapter 1
Introduction

, 1) In 2011, the per-capita GDP in the United States, in 2005
dollars, was about

500. A) $17,500.
501. B) $27,500.
502. C) $43,000.
503. D) $47,500.

Answer: C
Question Status: Revised


2) Which of the following topics is NOT a primary
concern of macroeconomists?

1. A) fluctuations in the level of economic activity
2. B) differences in standards of living across countries
3. C) relative wages of skilled and unskilled workers
4. D) unemployment

Answer: C
Question Status: Previous Edition


3) Which of the following questions is of most
interest for MACROECONOMISTS?

1. A) Why is there inflation?
2. B) Why does the steel industry want tariffs?
3. C) What is the appropriate stance of antitrust policy?
4. D) Why do foreigners immigrate to the United States?

Answer: A
Question Status: Previous Edition


4) Primarily, macroeconomists use microeconomic principles to study

1. A) business cycles and trends in the stock market.
2. B) long-run economic growth and antitrust policies.
3. C) trends in the stock market and long-term economic growth.