Principles of Macroeconomics CLEP Test

The Principles of Macroeconomics CLEP Test covers the material that is taught in a one-semester class at the 101 college level. This exam covers the part of economics that deals with the principles of economics on a large scale. This includes information about the general price level, output and income, and how different parts of the economy effect each other.

This CLEP test has pays special attention to aggregate supply and demand. It also focuses on creating special monetary goals and the policies and tools necessary to complete those goals.

You will need to know important information such as GDP, investment, inflation, recession, unemployment, etc. You will also need to know, understand, determine and identify the structure and policies of the Federal Reserve Bank. Understanding how currency, imports and exports work is also essential.

You will need to answer 80 questions in 90 minutes. There is no penalty for guessing on the test and there are some pretest questions included that are not scored.

Credits: 3

Number of Questions: 80

Time to complete the test: 90 min

Rank of Difficulty: 3

Information you will need to know for the Macroeconomics CLEP test includes:

• scarcity
• business cycle
• inflation
• opportunity costs
• price indices
• gross domestic product
• real values
• unemployment
• types of unemployment
• aggregate demand
• aggregate supply
• real output
• financial markets
• exports
• imports
• creation of money
• exchange rate
• investments
• human capital
• central bank
• interest
• loans

The sections of the Principles of Macroeconomics CLEP test are broken down as follows:

8-12% Basic Economic Concepts
12-16% How Economic Performance is Measured
10-15% National Income and Price Determination
15-20% Financial Sector
20-30% Inflation, Unemployment, and Stabilization
5-10% Economic Growth and Productivity
10-15% International Trade and Finance

Principles of Macroeconomics CLEP Test ...................................$55.00 $34.97

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