GDP #1

GDP #1

Assessment

Flashcard

Geography

9th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Which is a final product in a bakery? Options: Cake, Flour, Eggs, Sugar

Back

Cake

2.

FLASHCARD QUESTION

Front

What happens to GDP when a British company purchases a one-year membership to PartyFolks.com, a U.S. based company? Options: GDP increases, GDP decreases, No change

Back

GDP increases

3.

FLASHCARD QUESTION

Front

The U.S. Government hired 10 Chinese-language experts, from a Chinese company based in China, to train U.S. Workers. What is the impact on GDP?

Back

GDP decreases

4.

FLASHCARD QUESTION

Front

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

Media Image

Back

Yes - Consumer Spending

5.

FLASHCARD QUESTION

Front

The trade in exotic animals being illegally sold as pets is a multi-billion-dollar-a-year industry. Is this included in GDP?

Media Image

Back

No - Underground Economy

6.

FLASHCARD QUESTION

Front

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

Back

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

7.

FLASHCARD QUESTION

Front

A shoe produced in South Korea and sold in the U.S.

Media Image

Back

Included in South Korea GDP

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