Search Header Logo

Economic Performance

Authored by Stephanie Siddall

Social Studies

12th Grade

Used 3+ times

Economic Performance
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Our macroeconomic goals are

GDP growth 3%, unemployment 4-6%, inflation 1-2%

low taxes and economic growth

free wifi nationwide

real GDP per capita growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an intermediate good

a new car

a dining table

a couch

raw lumber

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a good/service to be included in GDP it must

be a final good, made here, this year

be a finished good

it must be a final good, made by an American owned company

it must be made at a factory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between real GDP and nominal GDP?

real GDP is adjusted for inflation, while nominal GDP is not

real GDP is accurate to thousands, while nominal GDP is accurate to millions

real GDP is current, nominal GDP is constant

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best measure of a nation's standard of living?

real GDP

unemployment rate

real GDP per capita

inflation rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the expansion phase of the business cycle real GDP is -

increasing

decreasing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the contraction phase of the business cycle real GDP is -

increasing

decreasing

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?