GDP Test

GDP Test

Assessment

Flashcard

Social Studies

12th Grade - University

Hard

Created by

IAN GERBO

FREE Resource

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38 questions

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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?

Media Image

Back

Real GDP

3.

FLASHCARD QUESTION

Front

High level of GDP per capita indicate . .

Media Image

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 . .

Media Image

Back

All income made from selling all final goods

7.

FLASHCARD QUESTION

Front

GDP

Back

Gross Domestic Product

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