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Great Depression Vocabulary

Authored by Eleanor Green

History

11th Grade

Used 9+ times

Great Depression Vocabulary
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Consumer Price Index?

Total that all people in an economy spend in a year

Average amount that a person spends in a year

Measure of the average change over time in prices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is deflation?

A general decrease of prices

A general increase of prices

A loss of confidence in the economy

Loss of jobs in an economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

A general decrease of prices

A general increase of prices

A loss of confidence in the economy

Loss of jobs in an economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economic depression?

a loss of 20% or more in the stock market value

a period of severely declining economic activity

an unemployment rate above 25%

when you check your bank balance and get sad :(

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Nominal Gross Domestic Product (GDP)?

the market value of all final goods and services produced within a country in a year, at current price levels

the production of all final goods and services within a country, adjusted for inflation

the average amount each household spends in a year

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Real Gross Domestic Product (GDP)?

the market value of all final goods and services produced within a country in a year, at current price levels

the production of all final goods and services within a country, adjusted for inflation

the average amount each household spends in a year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Unemployment Rate?

growth in the job market

average length of time a person is unemployed

amount paid to someone collecting unemployment benefits

percentage of the labor force who are unemployed

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