Economic Indicators

Economic Indicators

12th Grade

15 Qs

quiz-placeholder

Similar activities

economics

economics

9th Grade - University

16 Qs

Unemployment

Unemployment

11th - 12th Grade

12 Qs

Economics Review

Economics Review

12th Grade

10 Qs

EPF Ch 6 Vocab Pt1

EPF Ch 6 Vocab Pt1

KG - 12th Grade

14 Qs

Economics - Circular flow of Income

Economics - Circular flow of Income

12th Grade

17 Qs

CHAPTER 5: National Income Accounting

CHAPTER 5: National Income Accounting

1st - 12th Grade

20 Qs

Year 10 Economics - Circular Flow of Income

Year 10 Economics - Circular Flow of Income

10th - 12th Grade

13 Qs

Circular Flow of Income

Circular Flow of Income

8th Grade - University

16 Qs

Economic Indicators

Economic Indicators

Assessment

Quiz

Other

12th Grade

Medium

Created by

Jodie Sprenkle

Used 508+ times

FREE Resource

15 questions

Show all answers

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.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?