Unit 3a Summative Review

Unit 3a Summative Review

12th Grade

60 Qs

quiz-placeholder

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Unit 3a Summative Review

Unit 3a Summative Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Used 19+ times

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60 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which is missing part of the definition for GDP?

The market value of _____ produced within a country in a certain period of time.

All manufactured goods

All intermediate goods & services

Everything purchased

All final goods & services

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is they key element of the definition for unemployment?

You must've been unemployed for over a week.
You can't have been fired from your job.
It can be either a part-time or full-time job you left.
You must be out of work and looking for another job.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

If a nation's GDP is dropping and unemployment rate is rising, which stage is this nation most likely at?

A

B

C

D

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Macroeconomics is the study of

Big economic theories
An entire economy
Supply & demand
The opportunity cost of everything

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which type of unemployment is this:  Jon left his job in GA because he is moving to be closer to family in MO. 

cyclical
frictional
structural
not unemployed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of unemployment is this:  Danielle wants a higher salary and is beginning to think about leaving her current job and looking for another. 

cyclical
frictional
structural
not unemployed

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which type of unemployment is this:  Stephen has been desparately trying to find a job, but because of the stock market crash no one is hiring.

cyclical
frictional
structural
not unemployed

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