Two of the major factors contributing to growth are ?

A. Resources and efficiency
B. Money and efficiency
C. Money and luck
D. Resources and a good climate

Equilibrium in the circular flow of income occurs when ?

A. Injections = withdrawals
B. There is a bank holiday
C. Injections withdrawals
D. None of these

Total withdrawals from the circular flow of income include ?

A. Consumption savings and taxes
B. Savings government expenditure and imports
C. Savings taxes and exports
D. Savings taxes and imports

Indicate below what is NOT a main macroeconomic goal ?

A. Increasing north sea oil production
B. Reducing unemployment
C. Achieving a sustainable rate of economic growth
D. Reducing inflation

According to the classical economists, the only gainers from growth would be ?

A. Landlords
B. Peasants
C. The army
D. Politicians

The percentage of the labor force that is unemployed is the ?

A. Unemployment rate
B. Labor force rate
C. Employment rate
D. Unemployment population ratio

The index used most often to measure inflation is the?

A. Wholesale price index (wpi)
B. Gdp deflator
C. Producer price index (ppi)
D. Consumer price index

It has become conventional classify a recession as a period where national output falls for _________ or more?

A. Three years
B. Six months
C. A year
D. Two years

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A. Move into surplus
B. Move into deficit
C. Remain unchanged
D. None of the above above

Aggregate demand in an economy trading internationally with a government sector can be written as ?

A. Ad = c + i
B. Ad = c + i + g
C. Ad = c + i + g + x + z
D. Ad = c + i + g + x – z