PBMF Ch 2.1 Economic Activity Quiz

There are 5 indicators of the economy. Three of them are GDP, inflation, and stock & bond market. What are the other two?

• Net exports & business spending

• Interest rates & unemployment rates

• consumer spending & government spending

What is the market value of all final products produced in a country during a specific period of time?"

• Stock Market

• Consumer Price Index

• Gross Domestic Product (GDP)

Per capita GDP is GDP of a nation divided by its population.

• True

• False

Everything people buy for personal use.

• Government spending

• Consumer Spending

• Business Spending

Net exports are a country's imports minus exports.

• True

• False

What is the general rise in prices throughout an economy?

• Inflation

• Inflation rate

• CPI

• Deflation

What is all the people in a nation who are capable of working and want to work.

• Unemployment

• GDP

• Labor Force

_______ is a measure of a worker's production in a specific amount of time, such as an hour, a day or a week.

• Productivity

• Unemployment rate

• Specialization

What is a system and marketplace for buying and selling stocks?

• Bond market

• Stock market

• Specialization

Alternating periods of expansion and contraction in economy are called the ________.

• Consumer Price Index

• Business Cycle

• Recession