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Macroeconomics Vocabulary #2 Matching

Last updated 4 months ago

10 questions

1

Match the economic terms with their definitions:

Draggable item		Corresponding Item
expansionary policy		actions to encourage economic growth
effective		achieving its intended effect
economic growth		rise in goods and services production

1

Match the terms with their descriptions:

Draggable item		Corresponding Item
fiscal policy		government spending and taxes to affect performance
externality		consequence of economic activity
final goods and services		end products of production process

1

Identify the correct definitions for these economic concepts:

Draggable item		Corresponding Item
generalizations		market value of all final goods produced
Gross Domestic Product (GDP)		GDP divided by population
GDP per capita		statements inferred from causes

1

Match the following economic definitions to their terms:

Draggable item		Corresponding Item
Gross National Product (GNP)		market value by domestically owned production
externality		unintended consequence of actions
fiscal policy		government actions with spending and taxes

1

Relate the economic concepts to their meanings:

Draggable item		Corresponding Item
final goods		complete merchandise sold to consumers
effective		exists when impact is achieved
GDP per capita		average economic output per person

1

Connect the economic terms with their respective definitions:

Draggable item		Corresponding Item
Gross Domestic Product (GDP)		strategies to facilitate economic improvement
economic growth		total market value of production
expansionary policy		increase in a nation's production capabilities

1

Match economic processes with their implications:

Draggable item		Corresponding Item
externality		producing the desired outcomes
generalizations		unintended side effects from actions
effective		broad statements derived from observations

1

Identify the definitions of these economic terms:

Draggable item		Corresponding Item
Gross National Product (GNP)		standard of living measure
GDP per capita		government budget management strategies
fiscal policy		includes factor income of citizens

1

Relate these economic terms to their definitions:

Draggable item		Corresponding Item
final goods and services		increase economic activity
economic growth		consumed by end users
expansionary policy		sustained productivity rise

1

Connect these economic concepts with their meanings:

Draggable item		Corresponding Item
Gross Domestic Product (GDP)		total value of produced goods
effective		successfully achieving goals
externality		effects beyond intended outcomes