Econ- 5.1 Part 1 Formative Assessment- Option 1

Fill in the Blanks

What is the Most Important economic goal of every country?

Your Answer: ​

Audio Response

Record your response to the following response by clicking the button below:

Give 1 example of a topic that is studied in Macroeconomics.

Open Audio Recorder

Match

Match the macroeconomic goal with the specific economic indicator by which it is measured.

• Promote Economic Growth
• Reach Full Employment

• Price Stability

Real GDP Growth Rate

Unemployment Rate

Rate of Inflation

• Real GDP Growth Rate

• Unemployment Rate

• Rate of Inflation

Dropdown

Which component of the expenditures approach to calculating the US’s GDP is:

- Usually negative: ​

Select answer

- The fastest growing: ​

Select answer

- The largest: ​

Select answer

Drag and Drop

Drag the proper response based on whether or not each example is counted or not counted in the US's GDP.



1- The purchase of a new house. ​

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2- A car I purchased that was produced and sold in the US by a Japanese company. ​

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3- A box of German chocolate, sold in the US. ​

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4- The steel purchased by Chevy to be used in the production of their trucks. ​

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5- A Ford F-150 produced in Michigan and sold in Brazil. ​

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Drag these tiles and drop them in the correct blank above

Counted under Investment

Counted under Consumption

Not Counted- Import

Not Counted- Intermediate

Counted Net Exports

Counted under Government Spending

Not Counted- Transfer Payments

Not Counted- Household Production

Not Counted- Used Good

Not Counted- Financial Transactions

Drag and Drop

Drag the proper response based on whether or not each example is counted or not counted in the US's GDP.



1- Willy's Mexican Grill purchases new fryers for their chips. ​

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2- The purchase of a new battleship by the US Department of Defense. ​

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3- A box of German chocolate, sold in the US. ​

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4- A plumber's purchase of a 2-year-old truck on Craig's List. ​

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5- My son's purchase of shares of Under Amour stock. ​

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Drag these tiles and drop them in the correct blank above

Counted under Investment

Counted under Consumption

Not Counted- Import

Not Counted- Intermediate

Not Counted- Financial Transaction

Counted under Government Spending

Not Counted- Transfer Payments

Not Counted- Household Production

Not Counted- Used Good

Not Counted- Financial Transactions