Seçmeli Ara Sınav - Introduction to Economics 2

Soru 1:

Saving function refers to the relationship between ………… and …………... . Which words in the options below best fit into the blanks above?

A) expenditures and income level B) savings and expenditures C) negative savings and income level D) income level and savings E) Autonomous consumption and income level

Soru 2:

Which one below is not one of the principal factors that affect consumption expenditures?

A) Disposable income B) Wealth C) Expectations D) Demographic factors E) Autonomous investments

Soru 3:

Which of the following institution publishes data abıut national income accounting in Turkey?

A) Central Bank B) Ministry of Finance C) Presidential Office D) Turkish Statistical Institute E) Association of Banks

Soru 4:

In the saving paradox situation, which of the following increases?

A) Income B) Consumption C) Demand D) Saving E) Injection

Soru 5:

Which of the following describes the equation that is regarded as the equilibrium condition in an open economy with government?

A) S + T + IM = I + G + EX B) S + I + IM = T+ G + EX C) I + T + IM = S + G + EX D) S + T + EX = I + G + IM E) S + G + IM = I + T + EX

Soru 6:

According to Keynesian model which one is the most important factor in terms of equilibrium?

A) Interest rate B) Expenditures C) Demand equality D) Aggregate demand E) Overemployment

Soru 7:

According to Keynes, which of the following is the main factor that determines employment in the economy?

A) Interest rate B) General price level C) Aggregate demand D) Wage rate E) Productivity

Soru 8:

What is the value of marginal propensity to consume if the marginal propensity to save is 0.30?

A) -0.30 B) 0.30 C) 0.60 D) 0.70 E) 1.30

Soru 9:

The usable income obtained by subtracting direct taxes from personal income is called ________.

A) nominal income B) disposable income C) national income D) personal income E) real income

Soru 10:

If the marginal propensities to save and to import are 0.30 and 0.20, respectively, what is the value of expenditure multiplier?

A) 0.5 B) 1 C) 1.5 D) 2 E) 3

Soru 11:

Fiscal policy is the decisions related to ……… and …………….. Considering the ‘fiscal policy’, which words best complete the blanks above?

A) taxes and expenditures B) inflation and taxes C) contraction and business cycle D) economic growth and taxes E) expenditures and recovery

Soru 12:

Which of the followings receive transfer expenses in the economy according to macroeconomics?

A) households B) government C) businesses D) other countries E) taxpayers

Soru 13:

Which of the following is defined as the excess of expenditures when the economy is in equilibrium above the full employment level of income?

A) Production surplus B) Interest rate C) Inflationary gap D) Employment level E) Deflationary gap

Soru 14:

When total production of a country decreases, this is called _______

A) recovery B) business cycle C) inflation D) contraction E) fiscal

Soru 15:

If the nominal value of GDP is 200 million liras and the price index is 1.25 at the end of the same year, what is the value of real GDP?

A) 120 B) 150 C) 160 D) 250 E) 300

Soru 16:

Which of the following is defined as the unreturned (outright) expenditures and have no direct effect on the national income?

A) Disposable expenditures B) Autonomous public expenditures C) Unemployment expenditures D) Production expenditures E) Transfer expenditures

Soru 17:

Which of the following is not the limitation of GDP usage?

A) GDP includes the leisure activities into thecalculation. B) GDP doesn’t provide detailed information about the distribution of income created in the country. C) GDP doesn’t reflect some social costs originated from production of goods and services. D) GDP doesn’t take the quality changes of produced goods into account. E) There are many activities need to be added to GDP in principle.

Soru 18:

What does ‘export’ mean?

A) an increase in consumption expenditures in foreign countries B) the difference between revenue obtained by exporting goods and services to foreign countries C) the sale of goods and services produced in a country to other countries D) a decrease in the income levels of other countries E) the amount of goods and services purchased from other countries.

Soru 19:

What is the primary automatic stabilizer?

A) Unemployment insurance premiums B) Income tax C) Savings of households D) Changes in firm stocks E) Government budget deficit

Soru 20:

Which of the following means buying products from another country?

A) expenditure B) saving C) interest rate D) import E) export