Gross Domestic Product
Authored by Brad Sievers
Social Studies
12th Grade
Used 67+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 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
30 sec • 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
30 sec • 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
Period of economic expansion followed by a period of economic contraction.
peak
business cycle
expansion
recession
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are leading indicators?
stock prices and external stocks
tax rates and unemployment rates
interest rates and stock prices
tax rates and stock prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods, services, and intermediate products produced in other countries.
import
export
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods, services, and intermediate products produced in other countries.
import
export
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