GDP and Business Cycles

GDP and Business Cycles

8th - 12th Grade

15 Qs

quiz-placeholder

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GDP and Business Cycles

GDP and Business Cycles

Assessment

Quiz

Social Studies

8th - 12th Grade

Medium

Created by

John McCracken

Used 36+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

You spending money on food is an example of which part of the GDP equation?

Consumption

Investment

Government Spending

Net Exports

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Galena Park ISD building a new GP Elementary school is which part of the GDP formula?

Consumption

Investment

Government Spending

Net Exports

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A man who owns a lawn service takes his lawn mowers to a shop to have the blades sharpened. This is an example of which part of the GDP equation?

Consumption

Investment

Government Spending

Net Exports

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The United States loves French wine. Because of this the US imports millions of bottles per year. This is an example of which part of the GDP equation?

Consumption

Investment

Government Spending

Net Exports

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

GDP is a measure of what?

Total economic output from within a country

The wealth of business owners

The number of people in a country making money

The amount of goods US companies produce

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is GDP per capita?

Gross Domestic Product divided by states

Gross Domestic Product divided by population

Gross Domestic Product represented in dollars

Gross Dollars Per person per state

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why is GDP per capita more important than just GDP?

It reflects the GDP for this year not the past

It reflects what GDP might be next year

It reflects the amount of production per person

It reflects the amount of production if the US had the same population as China

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