Economic Growth, Inflation & Unemployment

Economic Growth, Inflation & Unemployment

12th Grade

18 Qs

quiz-placeholder

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Economic Growth, Inflation & Unemployment

Economic Growth, Inflation & Unemployment

Assessment

Quiz

Other

12th Grade

Practice Problem

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Created by

S Hawkins

Used 748+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total value of all final goods and services produced in a country in a given year.

Gross Domestic Product

Consumer Price Index

Inflation

Unemployment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth measures the

a) Growth of productivity

b) Increase in nominal income

c) Increase in national output

d) None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth can be measured by

a)     The CPI
b)     The CBI
c)     GDP
d)     MPC

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A price index determined by measuring the price of a standard group of goods meant to represent the market basket of a typical consumer.

Customer Purchasing Index

Consumer Price Index

Consumer Policy Index

Inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sustained general increase in prices across an economy.

Disinflation

Consumer Price Index

Deflation

Inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage of a nations labour force that is unemployed.

Balance of Employment

Balance of Payments

Unemployment

Employment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of unemployment that occurs as a result of harvest schedules, or when industries make seasonal shifts in their production schedules.

Seasonal Unemployment

Structural Unemployment

Frictional Unemployment

Cyclical Unemployment

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