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Intro to Business Chapter 2 Assessment

Intro to Business Chapter 2 Assessment

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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21 questions

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1.

FLASHCARD QUESTION

Front

Only final goods are counted when the GDP is measured.

Back

True

2.

FLASHCARD QUESTION

Front

When you buy a corporate bond, you have lent money to a company or business.

Back

True

3.

FLASHCARD QUESTION

Front

Which of the following would NOT be included in the measure of GDP?
Ivanhoe company exports $25 of books to Italy
The US government buys office supplies which costs $30 million from The Supply Closet
You and your cousin John detail your cars in your driveway.
You hire Anthony's Lawn Car to cut your grass once a week for $25/a week

Back

You and your cousin John detail your cars in your driveway.

4.

FLASHCARD QUESTION

Front

An increase in the GDP per capita means

Back

an economy is growing

5.

FLASHCARD QUESTION

Front

An increase in the general level of prices is called

Back

inflation

6.

FLASHCARD QUESTION

Front

The portion of people in the labor force that are not working is called

Back

unemployment rate

7.

FLASHCARD QUESTION

Front

Which of the following represents ownership in a corporation? bond, stock, recession, inflation

Back

stock

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