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

GDP and Business Cycles

Quiz
•
Social Studies
•
8th - 12th Grade
•
Medium

John McCracken
Used 36+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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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