French Baccalaureat · Sciences Économiques et Sociales (SES)

Économie : croissance, marchés et politiques

23 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 23 questions

  1. What does gross domestic product (GDP) measure?
  2. What is inflation?
  3. Why do economists use real GDP rather than nominal GDP to compare growth over time?
  4. How is the unemployment rate calculated?
  5. When the price of a good rises by 10 percent and the quantity demanded falls by 20 percent, what is the price elasticity of demand and how is demand described?
  6. In a competitive market, what happens at the equilibrium price?
  7. How does a monopoly usually differ from a market in perfect competition?
  8. Which of these is an instrument of monetary policy, set by the central bank?
  9. With a marginal propensity to consume of 0.8, what is the simple Keynesian multiplier, and what does it imply for an increase of 10 in public spending?
  10. What does Ricardo's principle of comparative advantage state?
  11. What are the two defining characteristics of a pure public good?
  12. Factory pollution harms nearby residents who are not compensated. What is this called, and which tool may correct it?
  13. How is labour productivity measured?
  14. What does the short-run Phillips curve describe?
  15. Which institution sets the monetary policy of the euro area, and where is it based?
  16. What is the difference between a budget deficit and public debt?
  17. A bank pays a nominal interest rate of 5 percent while inflation is 2 percent. What is the approximate real interest rate?
  18. What does the Gini coefficient measure, and what does a value of 0 mean?
  19. Which feature is typical of the French welfare state (État-providence)?
  20. Which are the main sources of long-run economic growth?
  21. What is the 'crowding-out effect' of public borrowing?
  22. What is a progressive tax?
  23. Which statement correctly distinguishes GDP growth from GDP per capita?

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