ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Economics => Topic started by: chikopapi on May 24, 2008, 10:26:07 pm

Title: ECONOMICS QUIZ
Post by: chikopapi on May 24, 2008, 10:26:07 pm
1. Unsustainable economic growth occurs when:

a) productivity increases at a rapid rate
b) demand inflationary pressures are restrained
c) demand grows faster than productive capacity
d) unemployment and inflation increase at same time

2. In the Oz budget, the largest item of outlay is:

a) defence
b) social secuity
c) education
d) foreign affairs

3. In the Oz budget, the largest item of receipts is:

a) GST
b) personal income tax
c) company tax
d) capital gains tax

4. If population grows faster than GDP at current prices, growth in real GDP per head can only have occurred if:

a) investment has risen
b) consumption spending has risen
c) the general price level as risen with population
d) the general price level has fallen

5. What component of AD flucuates the most?
a) C
b) I
c) G1
d) G2

6. Which of the following may cause the federal government outcome to move from a deficit to a surplus?

a) Increased unemployment
b) Tax reform leading to lower GST rate
c) Acceleration in rate of GDP
d) Increase in interest rates

First person who answers all correctly will win a prize. lol  :D
Title: Re: ECONOMICS QUIZ
Post by: AppleXY on May 24, 2008, 10:33:58 pm
1. C
2. B
3. B
4.A
5 B.
6. C

im assuming u can only pick one answer
Title: Re: ECONOMICS QUIZ
Post by: brendan on May 24, 2008, 11:15:47 pm
Quote from: chikopapi on May 24, 2008, 10:26:07 pm
4. If population grows faster than GDP at current prices, growth in real GDP per head can only have occurred if:

what do you mean by "GDP at current prices"
Title: Re: ECONOMICS QUIZ
Post by: Eriny on May 25, 2008, 09:24:09 am
I think that's just GDP, as opposed to real GDP. Not sure though.
Title: Re: ECONOMICS QUIZ
Post by: chikopapi on May 25, 2008, 01:43:51 pm
You are right Eriny
Title: Re: ECONOMICS QUIZ
Post by: brendan on May 25, 2008, 05:40:32 pm
1. C
2. B
3. B
4. D
5. B
6. C
Title: Re: ECONOMICS QUIZ
Post by: chikopapi on May 25, 2008, 09:14:05 pm
Noone has got them all right.
Title: Re: ECONOMICS QUIZ
Post by: AppleXY on May 26, 2008, 08:57:25 pm
sif. It's only Question 4 that's weird. IMO it's either A or B... but i'm leaning towards B now. Because a rise in consumption demand is an increase AD levels which is suppose to increase econ. activity and thus growth.
Title: Re: ECONOMICS QUIZ
Post by: tia on May 26, 2008, 10:41:00 pm
1. C
2. B
3. B
4.B
5 B.
6. C


? Is that right?
Title: Re: ECONOMICS QUIZ
Post by: Winter on July 06, 2009, 01:43:26 am
1. C
2. B
3. B
4. D
5. A
6. D
Title: Re: ECONOMICS QUIZ
Post by: cardiovascular on July 06, 2009, 12:12:35 pm
c
b
b
c
b
c
Title: Re: ECONOMICS QUIZ
Post by: bosley on July 22, 2009, 12:05:24 am
1c
2b
3b
4d
5c
6c
Title: Re: ECONOMICS QUIZ
Post by: maine on July 26, 2009, 01:34:48 pm
1.c
2.b
3.b
4.d
5.d
6.c
Title: Re: ECONOMICS QUIZ
Post by: dcc on July 26, 2009, 02:30:14 pm
2 & 3 seem to be accounting questions, 5 is indecipherable the rest are all macroeconomic issues! boring haha
Title: Re: ECONOMICS QUIZ
Post by: VxBlitzxN on August 06, 2009, 01:59:19 pm
1.C
2.B
3.B
4.B
5.B
6.D
Title: Re: ECONOMICS QUIZ
Post by: davidr on August 06, 2009, 06:57:44 pm
1.C
2.B
3.B
4.B
5.A
6.C
Title: Re: ECONOMICS QUIZ
Post by: AppleXY on August 06, 2009, 07:10:36 pm
I don't know why people keep posting here even though the OP is long gone lol.