Practice tests · Chapter 1

Test on Chapter 1.4

A 29-question test on chapter 1.4 “Der Wirtschaftskreislauf – am Wirtschaftsleben sind viele beteiligt” (pp. 11–21) of the book “Wirtschaft verstehen”.

What the test includes
The economic participants and the circular flow of the economy, the role of banks, the market, supply and demand, Austria's foreign trade, GDP and GNP (BIP and BNP), price formation and equilibrium, factors influencing demand and supply, and monopoly, oligopoly and polypoly. Book theory only – no math and no German reading text.

The questions are based on the official book “Wirtschaft verstehen”. The scoring structure is exactly the same as in the exam.

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