GDP Test
Flashcard
•
Social Studies
•
12th Grade - University
•
Hard
IAN GERBO
FREE Resource
Student preview

38 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Gross Domestic Product (GDP) ONLY refers to the total of FINAL goods and services produced in a country in one year.
Back
True
2.
FLASHCARD QUESTION
Front
What type of GDP is calculated with the current year's price?
Back
Real GDP
3.
FLASHCARD QUESTION
Front
High level of GDP per capita indicate . .
Back
Higher standard of living
4.
FLASHCARD QUESTION
Front
What type of GDP shows the average level of wealth in a country?
Back
GDP per capita
5.
FLASHCARD QUESTION
Front
Per Capita
Back
Per Person
6.
FLASHCARD QUESTION
Front
The Income Approach of Calculating GDP includes . .
Back
All income made from selling all final goods
7.
FLASHCARD QUESTION
Front
GDP
Back
Gross Domestic Product
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