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GDP

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10th Grade

Used 8+ times

GDP
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17 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Business spending on physical capital, new homes, and inventories is counted in which component of GDP?

consumption
investment
government spending
imports-exports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Represents business activity conducted without the knowledge of the government.

under economy
underground economy
red economy
hidden economy

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The total dollar value of all final goods and services produced within the country’s border in a given year.  This measure includes inflation.

Gross National Product (GNP)
Gross Income Measure (GIM)
Nominal Gross Domestic Product (GDP)

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The total dollar value of all final goods and services produced within the country’s border in a given year after inflation is taken out of the data.

Nominal GDP
GDP/capita
Gross GDP
Real GDP

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The village of Menomonee Falls purchases a new fire truck.  Where would this show up in GDP formula?

Consumption
Investment
Government Spending
Exports-Imports

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You buy some Toblerone chocolate manufactured in Switzerland.  Where would this show up in the GDP formula?

Consumption
Investment
Government Spending
Exports-Imports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The U.S. government agency NASA contracts with a firm in Alabama to provide parts for the space station. Where would this show up in the GDP formula?

Consumption
Investment
Government Spending
Exports-Imports

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