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← AP Macroeconomics
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Prepare for the timed AP Macroeconomics test.

Your answers are held until submission. The final review identifies the units that need another pass.

AP Macroeconomics coverage and review map

Connect every question to the exact skill it rehearses. Work through the units in order, then return to any topic that still needs a hint or a second attempt.

01

Basic Economic Concepts

Scarcity, opportunity cost, comparative advantage

Goal: recognise a basic economic concepts problem from its wording, carry out the governing method, and check that the result is reasonable.

02

Economic Indicators and the Business Cycle

GDP, inflation, unemployment

Goal: recognise a economic indicators and the business cycle problem from its wording, carry out the governing method, and check that the result is reasonable.

03

National Income and Price Determination

AD-AS, multiplier, equilibrium

Goal: recognise a national income and price determination problem from its wording, carry out the governing method, and check that the result is reasonable.

04

Financial Sector

Money, banking, loanable funds

Goal: recognise a financial sector problem from its wording, carry out the governing method, and check that the result is reasonable.

05

Long-Run Consequences of Stabilization Policies

Phillips curve, debt, growth

Goal: recognise a long-run consequences of stabilization policies problem from its wording, carry out the governing method, and check that the result is reasonable.

06

Open Economy

Trade, exchange rates, capital flows

Goal: recognise a open economy problem from its wording, carry out the governing method, and check that the result is reasonable.

AP Macroeconomics questions with worked answers

These 8 questions are printed in full on this page and are drawn across all 6 course units. Nothing here is generated on the fly. Cover the options, solve each one on paper, and only then open the worked answer to compare your method with the one shown.

Question 1: An economy gives up 20 cars to produce 5 boats. What is the opportunity cost of one boat?

AP Macroeconomics · Basic Economic Concepts

  1. 4 cars
  2. 0.25 cars
  3. 5 cars
  4. 15 cars
Show the worked answer
  1. Opportunity cost is what is given up divided by what is gained.
  2. 20 cars were given up for 5 boats.
  3. 20 / 5 = 4.
  4. So each boat costs 4 cars, and one car costs 0.25 boats.

Answer: 4 cars

Question 2: A labor force of 128 million includes 8 million unemployed. What is the unemployment rate?

AP Macroeconomics · Economic Indicators and the Business Cycle

  1. 6.25%
  2. 8.0%
  3. 16.0%
  4. 0.0625%
Show the worked answer
  1. The unemployment rate is unemployed people divided by the labor force.
  2. 8 / 128 = 0.0625.
  3. As a percentage that is 6.25%.
  4. People who are not looking for work are not counted in the labor force at all.

Answer: 6.25%

Question 3: Nominal GDP is $22 trillion and the GDP deflator is 110. What is real GDP?

AP Macroeconomics · Economic Indicators and the Business Cycle

  1. $20 trillion
  2. $24.2 trillion
  3. $19.8 trillion
  4. $11 trillion
Show the worked answer
  1. Real GDP equals nominal GDP divided by the deflator, times 100.
  2. 22 / 110 = 0.2.
  3. 0.2 x 100 = 20.
  4. So real GDP is $20 trillion, showing prices rose 10% above the base year.

Answer: $20 trillion

Question 4: The marginal propensity to consume is 0.8. If government spending rises by $50 billion, how much does output rise in the simple model?

AP Macroeconomics · National Income and Price Determination

  1. $250 billion
  2. $40 billion
  3. $62.5 billion
  4. $400 billion
Show the worked answer
  1. The spending multiplier is 1 divided by (1 minus the MPC).
  2. 1 - 0.8 = 0.2, so the multiplier is 1 / 0.2 = 5.
  3. Multiply the initial spending by that factor.
  4. 50 x 5 = 250, so output rises by $250 billion.

Answer: $250 billion

Question 5: The reserve requirement is 10%. What is the largest possible increase in the money supply from $1,000 of new excess reserves?

AP Macroeconomics · Financial Sector

  1. $10,000
  2. $1,100
  3. $100
  4. $900
Show the worked answer
  1. The money multiplier is 1 divided by the reserve requirement.
  2. 1 / 0.10 = 10.
  3. Multiply the excess reserves by that factor.
  4. 1,000 x 10 = $10,000. Real banks lend less than the maximum, so the actual figure is smaller.

Answer: $10,000

Question 6: A loan carries a 7% nominal interest rate while inflation runs at 3%. What is the real interest rate?

AP Macroeconomics · Long-Run Consequences of Stabilization Policies

  1. 4%
  2. 10%
  3. 2.33%
  4. 21%
Show the worked answer
  1. The Fisher equation says the real rate is roughly the nominal rate minus inflation.
  2. 7 - 3 = 4.
  3. So the real rate is about 4%.
  4. If inflation turns out higher than expected, lenders lose and borrowers gain.

Answer: 4%

Question 7: One US dollar buys 0.9 euros. What does an item priced at 45 euros cost in dollars?

AP Macroeconomics · Open Economy

  1. $50.00
  2. $40.50
  3. $45.00
  4. $4.05
Show the worked answer
  1. The exchange rate says 1 dollar = 0.9 euros.
  2. To get dollars from euros, divide by 0.9.
  3. 45 / 0.9 = 50.
  4. So the item costs $50.00.

Answer: $50.00

Question 8: A market basket costs $250 now and cost $200 in the base year. What is the CPI, and what is the inflation since the base year?

AP Macroeconomics · Economic Indicators and the Business Cycle

  1. CPI 125 and 25% inflation
  2. CPI 80 and 20% inflation
  3. CPI 125 and 125% inflation
  4. CPI 50 and 25% inflation
Show the worked answer
  1. The CPI is the current basket cost divided by the base cost, times 100.
  2. 250 / 200 = 1.25, so the CPI is 125.
  3. Inflation since the base year is the change in the index over the base value of 100.
  4. (125 - 100) / 100 = 0.25, which is 25%.

Answer: CPI 125 and 25% inflation

Which unit each printed question belongs to

Use this map after marking your work. If two misses share a unit, review that unit before starting a generated set.

The 8 printed AP Macroeconomics questions, the unit each one tests, and its answer.
QuestionUnitWhat it asksAnswer
1Basic Economic ConceptsAn economy gives up 20 cars to produce 5 boats. What is the opportunity cost of one boat?4 cars
2Economic Indicators and the Business CycleA labor force of 128 million includes 8 million unemployed. What is the unemployment rate?6.25%
3Economic Indicators and the Business CycleNominal GDP is $22 trillion and the GDP deflator is 110. What is real GDP?$20 trillion
4National Income and Price DeterminationThe marginal propensity to consume is 0.8. If government spending rises by $50 billion, how much does output rise in the simple model?$250 billion
5Financial SectorThe reserve requirement is 10%. What is the largest possible increase in the money supply from $1,000 of new excess reserves?$10,000
6Long-Run Consequences of Stabilization PoliciesA loan carries a 7% nominal interest rate while inflation runs at 3%. What is the real interest rate?4%
7Open EconomyOne US dollar buys 0.9 euros. What does an item priced at 45 euros cost in dollars?$50.00
8Economic Indicators and the Business CycleA market basket costs $250 now and cost $200 in the base year. What is the CPI, and what is the inflation since the base year?CPI 125 and 25% inflation

How the generated AP Macroeconomics sets are created

The 8 questions above are fixed and checked. The generator at the top of the page is different: it writes fresh questions with AI from the course and unit information shown here, then the application checks each one for a complete prompt, four choices, one keyed answer, and an explanation. Generated questions are original practice—not official or released exam questions—and AI can still make mathematical mistakes. Verify a disputed answer with the stated method, your course materials, or the MathGPT solver, and follow the site's academic-integrity guidance.

Questions about this AP Macroeconomics course test

What does this page cover?

It covers all 6 AP Macroeconomics units listed above.

When can I see correct answers and explanations?

Submit the full test first. The result screen then shows every response, the correct answer, and the explanation so you can review each miss.

How long is each section of the AP Macroeconomics exam?

Multiple choice: 1 hour 10 minutes, 60 questions. Free response: 1 hour, 3 questions.

Which AP Macroeconomics sections allow a calculator?

Rules change from section to section. Multiple choice: four-function calculator. Free response: four-function calculator. Not provided: no formula sheet. Practise each section under its own rule.

Which AP Macroeconomics units does this test cover?

All six: Basic Economic Concepts, Economic Indicators and the Business Cycle, National Income and Price Determination, Financial Sector, Long-Run Consequences of Stabilization Policies, Open Economy. Study first: Long-Run Consequences of Stabilization Policies (20–30%) carries the largest published weighting.

What should I check first when I review a missed AP Macroeconomics question?

Confusing nominal and real. The real interest rate is the nominal rate minus inflation, and real GDP is adjusted for prices. Answering with the wrong one is a common full-point loss.

What should I do with a missed question?

Classify the miss as a definition, setup, calculation, interpretation, or timing error. Re-solve it from a blank page, then use the MathGPT tutor for a hint or method check.