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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the first?
(a) National savings.
(b) Unemployment.
(c) Poverty.
(d) Total national happiness.

2. In Chapter 13, the author states that according to the United Nations Food and Agriculture Organization, over how many people in this world don't get enough to eat?
(a) 1 billion.
(b) 100 million.
(c) 800 million.
(d) 350 million.

3. What is a collective investment scheme that aims to replicate the movements of an index of a specific financial market regardless of market conditions?
(a) Index fund.
(b) Public policy.
(c) Futures contract.
(d) Money market.

4. Charles Wheelan was an unsuccessful Democratic candidate in the special election for Illinois's 5th congressional district, the seat vacated by whom?
(a) Barack Obama.
(b) Bill Clinton.
(c) Rahm Emanuel.
(d) Abraham Lincoln.

5. The benefit of the HDI in comparison to the GDP is that the GDP does not measure what, according to the author in Chapter 9?
(a) Productivity.
(b) Political unrest.
(c) Happiness.
(d) Inflation.

Short Answer Questions

1. According to the author in Chapter 9, to ensure accuracy, the real GDP is a figure that has been adjusted to account for what?

2. Who introduced the Hope credit?

3. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?

4. Of the top 25 polluted cities in the world, how many are in China according to the author?

5. Burton G. Malkiel is an American economist, most famous for what classic finance book?

(see the answer key)

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