 Question 1

1 out of 1 points
Which one of the following does NOT represent one of the key macroeconomic objectives?

Population growth
 Question 2
1 out of 1 points
The Gini co-efficient and Lorenz-curve indicates:

Income distribution

 Question 3
2 out of 2 points
Real GDP was R5 000 in 2011 and R5 200 in year 2012. The approximate rate of economic growth in
the period 2011 – 2012 was:

4%

 Question 4
1 out of 1 points
Which one of the following persons would be considered as strictly unemployed?

Construction worker laid off

 Question 5
1 out of 1 points
Price indices such as CPI are calculated using a base year. The term base year refers to:

The random reference year

 Question 6
1 out of 1 points
Each of the following statements includes two terms. In three cases, the two terms mean the same as
each other. In which case do the two terms NOT mean the same as each other?

Change in real GDP and GDP deflator

 Question 7
1 out of 1 points
Gross domestic product (GDP) includes:

Final goods

 Question 8
1 out of 1 points
Based on the circular flow model, money flows from households to businesses in
 product market

 Question 9
1 out of 1 points
Frictional unemployment applies to

short periods of unemployment needed to match jobs and job seekers.

 Question 10
1 out of 1 points
Real GDP is also known as:

GDP @ Constant Prices

 Question 11
2 out of 2 points
In September 2016 there were 30 413 persons aged 15 – 65 years comprising the labour market, of
which:

 13 234 persons were employed

 3 944 persons were unemployed (official definition)
 13 235 persons were not economically active
 17 178 persons were in the labour force
 3 425 persons were discouraged work-seekers.
Using the information above, the official unemployment rate is: 23%

 Question 12
2 out of 2 points
Suppose that the consumer price index equaled 177.1 in 2016 and 179.9 in 2017. The rate of inflation
between these two years thus equaled: 1.6%

 Question 13
1 out of 1 points
Which of the following is not a Macro-Economic issue? Increase of beer price

 Question 14
1 out of 1 points
Cyclical unemployment is caused by:

declines in actual output below its full-employment level

 Question 15
1 out of 1 points
A measure comparing the prices of consumer goods and services that a household typically purchases
to the prices of those goods and services purchased in a base year is called: CPI