GDP
Authored by Vanessa Delgado
Other
9th - 12th Grade
Used 892+ times
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16 questions
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1.
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
2.
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
3.
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
4.
MULTIPLE CHOICE QUESTION
20 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
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Government closes schools for the month of March.
GDP decreases
GDP increases
No change
6.
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP is calculated by
adding up the cost of goods used in producing the item
subtracting all costs from total revenue
adding consumption + investment +government spending+ (exports sold - imports bought)
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