Ch. 2 Economic Activity: Section 2-1

Economic Activity

Multiple Choice

True or False? GDP only applies to reported final goods and services.

• True

• False

Multiple Select

Which of the following are ways that productivity can be increased? (Check all that apply)

• Improvement in technology

• Spending more time with employees

• Training for the workforce

• Improved management techniques

Multiple Choice

Which of the following is NOT a main source of personal income.

• wages

• salaries

• government payments

• retail income

Multiple Choice

Which of the following would NOT be included in GDP?

• exports to other countries

• purchases of computers by government

• automobiles purchased

• dinner preparation for your family

Multiple Choice

Productivity would likely increase as a result of ___________.

• higher taxes

• expanded production technology

• decreased training programs

• lower government spending

Multiple Choice

Retail sales include ___________.

• taxes collected

• companies buying new equipment

• borrowing by business

• school supplies bought by students