The Roaring Twenties

Front

The boom of the automobile in popularity led to

Back

new roads and bridges being built

Front

The main reason for urban sprawl in the 1920s

Back

the rise of the automobile

Front

What type of GDP is calculated with the current year's prices? Options: Nominal GDP, Real GDP, GDP per capita

Back

Nominal GDP

Front

Expectant parents buy supplies for the nursery. Would this be included in GDP?

Back

Yes - Consumer Spending

Front

Is the trade in exotic animals being illegally sold as pets included in GDP?

Back

No - Underground Economy

Front

GDP is calculated by: adding consumption + investment + government spending + (exports sold - imports bought)

Back

adding consumption + investment + government spending + (exports sold - imports bought)

Front

How does investment in capital goods by companies help a country increase its GDP?

Back

When a company invests in capital, it can produce more goods at a better price and increase the profit that it makes.

Front

What is the 1st economic goal of each country? Options: Limit Inflation, Limit Unemployment, Promote Economic Growth, Measure expenditures

Back

Promote Economic Growth

Front

What does Per Capita Mean?

Back

Per Person

Front

Which of the following best describes “money”?

Back

Medium of exchange