Seçmeli Ara Sınav - Introduction to Economics 2

Soru 1:

Which of the following is not a component of Aggregate Expenditure Function?

A) investment B) government expenditures C) marginal propensity D) consumption E) net export

Soru 2:

Which of the following is defined as the total quantity of goods and services produced in an economy in a specified period of time?

A) Business cycle B) Economic growth C) Recovery period D) Total production E) Contraction period

Soru 3:

What is the figure obtained by subtracting the value of intermediate goods used from the production value realized by the firm?

A) Value added B) Intermediate value C) Personal income D) Amortization E) Net national product

Soru 4:

The negative difference between the actual GDP and the potential GDP in an economy is called ______.

A) underemployment gap B) deflationary gap C) multiplier gap D) inflationary gap E) interval gap

Soru 5:

The Classical model argues that the economy is always in full employment equilibrium. There are two basic assumptions on which this view is based. The first one is the Say’s Law. According to the second assumption, some flexibilities are important. Which of the following shows these flexibilities?

A) prices, leakages, wages B) wages, interest rates, prices C) interest rates, prices, injections D) taxes, prices, leakages E) wages, taxes, prices

Soru 6:

What happens if the planned expenditures are greater than GDP?

A) Firms’ stocks decrease. B) Incomes increase. C) Stocks increase. D) Expenditures increase. E) Production decreases.

Soru 7:

Which of the following expenditures is defined as the total of spending which is directly made by people for goods and services to satisfy their daily needs?

A) Net export B) Consumption C) Government D) Domestic E) Investment

Soru 8:

Which of the following is the main factor determining the consumption expenditures to be made in a given period?

A) Income B) Expected profit C) Cost of capital goods D) Productivity E) Capacity utilization

Soru 9:

Which of the following indicates the effect of an increase in taxes on aggregate expenditure function (AE) and income (Y)?

A) AE shifts upward and Y decreases B) AE shifts downward and Y decreases C) AE shifts downward and Y increases D) AE shifts upward and Y increases E) AE and Y do not change

Soru 10:

Which of the following is the most important component of the modern macroeconomic theory?

A) Aggregate demand B) Economic recession C) Saving function D) Autonomous consumption E) Consumption function

Soru 11:

Which of the following is not true for transfer expenditures?

A) They are unreturned expenditures B) They are about the consumption of real sources C) They create a flow D) They directly affect national income E) The increase the purchasing power of governments

Soru 12:

Which of the following data is used to calculate the average propensity to save (APS)?

A) Consumption and savings B) Income and expenditures C) Savings and income D) Expenditures and investment E) Income and consumption

Soru 13:

What is the main factor determining the consumption expenditures to be made in a given period?

A) Production level B) Income level C) Desire level D) Macroeconomics E) Inflation

Soru 14:

What does an increase in the expenditures in an economy causes to rise?

A) the interest rate B) the import C) the taxes D) the export E) the income level

Soru 15:

Which of the followings is included while calculating Gross Domestic Product?

A) services provided by housewives B) financial transactions C) the materials used for a product D) transfer payments E) secondhand sales of goods

Soru 16:

What is ‘the difference between the export and import of the home country’ called?

A) aggregate expenditure B) Investment expenditure C) saving D) net export E) planned inventory investment

Soru 17:

If the government budget balance and international trade balance are achieved, what is the macroeconomic equilibrium condition in the economy?

A) Real interest rate = Nominal interest rate B) Inflation rate = 0 C) GDP = GNP D) National income = Disposable income E) Savings = Investments

Soru 18:

What are the policies of government to increase production rather than to increase aggregate demand?

A) Demand side policies B) Monetary policy C) Circular flow policy D) Transfer policies E) Supply side policies

Soru 19:

If the marginal propensities to save and to import are 0.20 and 0.10, respectively, what percentage of income change will be spent on goods and services produced domestically?

A) 0.10 B) 0.20 C) 0.30 D) 0.70 E) 0.90

Soru 20:

Which of the following is the type of injection for income-expenditure model?

A) Investments B) Leakages C) Savings D) Incomes E) Consumptions