Economics 9 Quizizz #GoWolves #DothanHigh #AlabamaCCRS #PDB

What are the three basic economic indicators?

• Gross domestic product, consumer price index, and unemployment
• Nominal GDP, Real GDP, Unemployment
• Mana, health, and experience points
• Consumption, spending, and saving

What does Gross domestic product (GDP) measure?

• It measures the economic activity within the borders of a geographic unit, such as a state or nation.
• It measures the economic activity of the citizens of a geographic unit, such as a state or nation.

Which kind of GDP is not adjusted for inflation?

• Nominal GDP
• Real GDP

Which kind of GDP is adjusted for inflation?

• Real GDP
• Nominal GDP

The formula for GDP

• GDP=C+I+G+(X-M)
• GDP=C*I*G*(X-M)
• GDP=C-I+G-(X-M)

In the formula for GDP, C represents?

• C is private consumption, that is, the purchases made by consumers and nonprofit organizations.
• C is for credit

In the formula for GDP, I represents?

• I is investment by businesses and the purchase of houses by individuals.
• I is for income of citizens

In the formula for GDP, G represents?

• G is government spending.
• G is for gains in employment

In the formula for GDP, X represents?

• X is exports, goods sold to other countries.
• X is for xylophone production

In the formula for GDP, M represents?

• M is imports, goods bought from other countries.
• M is for manufacturing