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Economic Terms

Geography

KG - University

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Economic Terms
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the definition of INVESTMENT?

The money that is left after all costs are calculated
The desire of a business or person to make a profit
 Rising prices across the board
Putting money to work hoping to make more money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of PROFIT?

The money that is left after all the costs have been calcualted
A measure of economic activity of a country. The total value of a country's output of goods 
Putting money to work in hope of making more money
How much is getting done with the amount of time/work spent on the task

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of INFLATION

The money that is left after all the costs have been calculated
Putting money to work, in the hope of making more money
Rising prices lower the purchasing power of currency (money)
How much is getting done with the time/work spent on the task

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of GROSS DOMESTIC PRODUCT

The money that is left after all the costs have been calculated
A measure of economic activity of a country. The total value of a country's output of goods
Rising prices lower the purchasing power of currency (money) 
Putting money to work hoping to make more money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of PRODUCTIVITY 

How much is getting done with the amount of time/work spent on the task
The money that is left after all the costs have been calculated
Putting money to work in hope of making more money
Rising prices lower the purchasing power of currency (money)

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