Unit 3: Macroeconomics
Topic 3.3: Macroeconomic Objectives Questions
Practice 20 exam-style questions for IB Economics Topic 3.3. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
2Draw1 mark
2026
Draw the long-run Phillips curve on the figure.
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2026
Calculate the country's rate of economic growth.
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The consumer price index (CPI) measures inflation by:
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2026
Identify the first year in which disinflation occurred.
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2026
A text says that Belmare’s central bank raised interest rates because inflation reached 6 %.
Define the term inflation.
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2026
A text says that Corvane’s economic growth slowed to 1.2 % last year.
Define the term economic growth.
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2026
Identify whether consumers' purchasing power rose or fell.
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2026
A text reports that Halden’s unemployment rate has risen to 7.4 %.
Define the term unemployment rate.
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2026
Draw a long-run Phillips curve and mark the natural rate of unemployment.
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2026
A text reports that Oredon has experienced deflation for two years.
Define the term deflation.
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Economic growth is most commonly measured by:
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2026
Calculate the consumer price index for 2026.
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2026
Calculate the rate of inflation over that year.
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2026
Define the term unemployment rate.
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