Economic Indicators- GDP

Economic Indicators- GDP

Assessment

Flashcard

Social Studies

12th Grade

Hard

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13 questions

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1.

FLASHCARD QUESTION

Front

To measure the health of an economy, people look at the symptoms or indicators used to measure the health of an economy. The 3 main indicators include all of the following except: Gross Domestic Product, Inflation/ Consumer Price Index, Unemployment, Average Income Level

Back

Average Income Level

2.

FLASHCARD QUESTION

Front

Gross Domestic Product includes the market value of all FINAL goods and services produced within a country during a given period of time. True or False?

Back

True

3.

FLASHCARD QUESTION

Front

Intermediate goods, used goods, and illegal goods are ____________ in a countries Gross Domestic Product(GDP).

Back

excluded

4.

FLASHCARD QUESTION

Front

Chemical fertilizers used by the farmers or cloth used by a tailor are examples of ________________________.

Back

Intermediate goods

5.

FLASHCARD QUESTION

Front

The largest spending category of GDP. This picture is a break down of all the things consumers spend their money on.

Back

Household Consumption

6.

FLASHCARD QUESTION

Front

A company putting its money towards expanding its business. An example of this would be a construction company buying new trucks and other heavy equipment to improve production.

Back

Business Investment

7.

FLASHCARD QUESTION

Front

Over half of the spending of the _______________ include programs like Medicare, Social Security & Unemployment.

Back

Government Purchases

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