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Economic Indicators

Authored by Jodie Sprenkle

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12th Grade

Used 519+ times

Economic Indicators
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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which economic indicator is best described as Gross National Product minus inflation and depreciation?

Gross Domestic Product
Net National Product
National Income
Personal Income

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Gross domestic product is equal to the market value of all final goods and services:

exchanged during a period.
produced domestically during a period.
produced by the citizens of a nation during a period.
produced domestically during a period minus the depreciation of productive assets.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following expenditures would not be included in GDP?

Purchase of a new lawnmower.
Purchase of a silver cup previously sold new in 1950.
Purchase of a ticket to the latest movie.
All of these would be counted in GDP.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Personal consumption expenditures include:

all commodities that business firms buy.
the purchase prices paid for stocks and bonds by individual households.
the construction of residential housing.
all goods and services bought by households.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In the circular flow model,

money flows from the firms to the households through the product market.
money flows from the households to the firms through the product market.
money flows from the households to the firms through the resource market.
money flows from the households to the firms through both the product market and the resource market.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

All final goods and services that make up GDP can be expressed in the form:

GDP = C + I - G + (X + M).
GDP = C + I + G + (X + M).
GDP = C + I + G + (X - M).
GDP = C + I + (X - M).

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Personal income minus personal taxes is:

disposable personal income.
net national income.
proprietors' income.
indirect business taxes.

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