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GDP

Authored by Beth Paolano

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10th Grade - University

Used 28+ times

GDP
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of GDP shows the average level of wealth in a country?

Nominal GDP
Real GDP
GDP per capita

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What type of GDP is calculated with the current year's prices?

Nominal GDP
Real GDP
GDP per capita

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What type of GDP uses a base year's prices in order to make fair comparisons?

GDP per capita
Real GDP
Nominal GDP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High levels of GDP per capita indicate...

Higher levels of happiness 
Higher standard of living
Equal levels of wealth 
Self-sufficient communities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expectant parents buy supplies for the nursery.  Would this be included in GDP? 

Yes - Consumer Spending
Yes - Investment 
No - Intermediate goods
No - Non-market activity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The trade in exotic animals being illegally sold as pets is a multi-billion-dollar-a-year industry.  Is this included in GDP?

Yes - Consumer spending
Yes - Government Spending
No - Underground Economy 
No - Non-market activity 

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Michael Kors hires designers to come up with new product lines.  Is this included in GDP?

Yes - Consumer Spending
Yes - Investments 
No - Black Market 
No - purely financial transaction

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