Macro Unit 2- Practice Questions #1

This is videos has 11 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link next to each question to go back and rewatch a part of the Unit Summary video. Please subscribe :)
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[@user-uj5gm6cy9h]

Greetings, For question 7, increasing UNemployment is part of the recession period, right? I was confused with your interpretation of answer A. Thank you in advance for the clarification !

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[@orthochick123]

How do countries with government funded healthcare count these payments within GDP? How is their "% of GDP spent on healthcare" affected by this accounting?

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[@saiunnam7271]

I know this vid is more than 3 years old and you probably wont see this but for #10, shouldn't the answer be C? If the formula for unemployment is (# unemployed/# in labor force)*100 and those guys don't want to work, the labor force should decrease thus increasing the unemployment rate. However, still if they quit their job, although they are not unemployed, they are still not employed which is why I would put C.

[@isaacong]

I'm thinking about how for #7 the White House claimed this definition is general and has exceptions

[@makisekurisu8594]

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[@phillipn.8320]

Conan Edogawa well said

[@daviddorough2039]

Answer Key: 1. E 2. C 3. C 4. D 5. B 6. E 7. C 8. B 9. D 10. D 11. B

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[@chassearchibald1492]

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[@coltonalbritton6022]

How does increasing the amount of jobs in the economy not decrease the unemployment rate? At a total loss right now.

[@jnmaniac1393]

+Colton Albritton It would decrease it, but he said that the labor force increased alongside it, so the unemployment rate would stay the same. (I'm assuming you're talking about #8)

[@kailin2494]

+Colton Albritton There are more people looking for jobs, so the unemployment rate is constant.