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Economy

Authored by Samantha Reinders

Geography

9th Grade

Used 351+ times

Economy
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When I say Gross Domestic Product what am I talking about?

Disgusting Home Things

Total value of goods and services produced by a country

Big measure of stuff made in the world

I don't know

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When the word capita means this when we talk about the economy:

Sofia

A capital

People

I don't know

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Income does NOT mean which of the following:

The amount of money earned by a family in a year.

The amount of money earned by one person per paycheck.

The amount of money paid for goods and services.

The amount of money a company makes in a year.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Inequality means something is:

Completely equal

Not equal at all

Equality

I don't know

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

True or False? Inflation is when the value of currency falls but prices of goods and services go up.

true

false

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When the prices of goods and services goes down and the value of currency goes up that is considered what?

Deflation

Inflation

Hyperinflation

I don't know

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are factors of economic development? (There may be more than one right answer!)

Geographical

Technological

Demographical

Ecological

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