Search Header Logo

GDP, Inflation, and Unemployment Quest

Authored by b g

Social Studies

12th Grade

Used 57+ times

GDP, Inflation, and Unemployment Quest
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Dollar value of all final goods and services produced within a country in a given year. 

depreciation
durable goods
GDP
price level

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why is real GDP more accurate than nominal GDP?

It's adjusted for price changes
It's adjusted for depreciation
It includes unpaid and paid work.
It includes unrecorded business.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is one limitation of GDP?

It does not include intermediate goods.
It does not show how the economy is doing over time.
It does not include non-durable goods 
It does not measure health and happiness

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nicole was laid off as a waitress when her restaurant closed down due to the slow economy. Nicole is considered

cyclically unemployed
frictionally unemployed
seasonally unemployed
not in the labor force

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Honda has an assembly plant for Civics in Ohio. The production of U.S.-made Civics is

added to U.S. GDP. 
added to Japan's GDP because Honda is a Japanese company. 
not included in either the U.S. or Japanese GDP. 
added to U.S. GDP only if the Civic is sold in the United States in the year it is produced. 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investment is defined as the purchase of

any financial asset only.
additions to inventories only.
financial assets and inventories only.
the purchase of new capital goods and additions to inventories. 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company buys new computers for their business, what part of the GDP equation does this count as? 

Consumption
Investments
Imports
Exports

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?