AP Macroeconomics — Basic Economic Concepts

Unit 1 of 6

Basic Economic Concepts is the first of 6 units in the College Board's current AP MacroeconomicsCourse & Exam Description. It opens the course and sets up Economic Indicators and the Business Cycle.

Our Basic Economic Concepts set has 12 practice questions, each with a written explanation, a one-line key takeaway, and a rationale for every wrong choice — so you learn why the right answer is right and why each distractor is tempting. You can work them as a timed set or read the worked solutions straight through.

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Practice Basic Economic Concepts · 12 questions Study the worked solutions

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All AP Macroeconomics units

Unit 1 · You are here
Basic Economic Concepts
Unit 2
Economic Indicators and the Business Cycle
Unit 3
National Income and Price Determination
Unit 4
Financial Sector
Unit 5
Long-Run Consequences of Stabilization Policies
Unit 6
Open Economy: International Trade and Finance

AP Macroeconomics — Basic Economic Concepts

Practice this unit

Or practice across AP Macroeconomics

Easy practice

Medium practice

Full-length practice exam 1

Full-length practice exam 2

Full-length practice exam 3

All AP Macroeconomics units