Measuring Economic Performance

Measuring Economic Performance

12th Grade

11 Qs

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Measuring Economic Performance

Measuring Economic Performance

Assessment

Quiz

Other

12th Grade

Medium

Created by

Andrew Martinelli

Used 12+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GDP

The overall rise in prices for on particular product over a period of time

The method used to measure inflation rates

The amount of money America has

The amount in dollars of all final goods and services produced in a country in a year

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: People living in countries with a high GDP always have a better-than-average quality of life.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: GDP includes products produced by American companies outside of the United States.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

The average level of prices for all goods and services in the economy

A general increase in overall prices

A good estimate of a country's production of goods and services

The amount in dollars of all final goods and services produced in a country in a year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the rate of inflation measured?

GDP growth

Interest rates

Financial stability

Consumer Price Index

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Real GDP

GDP adjusted for inflation

Average GDP of all countries

GDP divided by population

Growth of GDP

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government combat the effects of inflation on people living on fixed income?

Create cost of living increases

offer low interest rates on loans

lower taxes for senior citizens

offer low-income programs

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