
Social Studies Chapter 16
Authored by Shannon Owen
History
5th - 6th Grade
Used 1+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that is produced: goods and services.
Product
Gross Domestic Product (GDP)
Entrepreneur
GDP per capita
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total market value of all final goods and services produced in a country during a single year.
Product
Gross Domestic Product (GDP)
Entrepreneur
GDP per capita
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A risk taking person who starts a new business, introduces a new product, or improves a management technique.
Product
Gross Domestic Product (GDP)
Entrepreneur
GDP per capita
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Gross Domestic Product (GDP) on a per- person basis; GDP divided by population.
Product
Gross Domestic Product (GDP)
Entrepreneur
GDP per capita
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The material well-being of a of an individual, a group, or a nation as measured by how well its needs and wants are satisfied.
Standard of living
Circular flow model
Factor market
Product market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A model showing how goods, services and money flow among sectors and markets in the American economy.
Standard of living
Circular flow model
Factor market
Product market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market where productive resources are bought and sold.
Standard of living
Circular flow model
Factor market
Product market
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