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Economics Review

History

11th - 12th Grade

Used 2+ times

Economics Review
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total value of all final goods & services produced within a country's borders in a given year?

GNP
GDP
Trade deficit
Trade surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What indicator shows the number of people over age 15 who can read and write?

Life expectancy

Literacy rate

GDP

Unemployment rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you divide GDP by to get GDP per capita?

Number of households

Number of people with jobs

Population

GNP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good measure of the amount of goods a country produces?

GNP

Literacy Rate

Stock market

GDP

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of country will usually have a higher literacy rate?

Developed country

Developing country

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the components of GDP?

Consumption + Investment + Goods + Imports

Consumption + Investmnet

Consumption + Investment + Government Purchases + Net Exports

Net Exports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a downturn in the economy?

Economic boom

Stock Market doing well

Inflation

Recession

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