Economics - 7th Grade

Economics - 7th Grade

7th - 9th Grade

26 Qs

quiz-placeholder

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Economics - 7th Grade

Economics - 7th Grade

Assessment

Quiz

Other

7th - 9th Grade

Medium

Created by

Rebecca McCorn

Used 232+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A card in which you borrow money that you agree to pay back later.

Credit Card

Debit Card

EBT/SNAP Card

Visa gift Card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is paid to the government on products, property, and the money you earn is called

Insurance

Interest

Taxes

Expenditures

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is a lack of resources to sell, such as a shortage on toilet paper during Covid, this is referred to as a(n)

Economic Crisis

Surplus

Scarcity

Anomaly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Creating an organized plan as to where the money you earn on a regular basis will be allocated is called

financial organizing.

investing.

playing the stock market.

budgeting.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total money you earn BEFORE taxes and insurance are taken out.

Gross Salary

Net Salary

Flex Salary

Hourly pay

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of products made and services provided in a country within a year is called

Government Stock Exchange or GSE

Gross Production in Business or GPB

Gross Domestic Product or GDP

Gross Business Investments or GBI

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If prices are increasing that is referred to as

Cyber Monday

Inflation

Super Tuesday

Deflation

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