
RAE Activity 2
Authored by James CH Fong
Education, Life Skills, Business
10th - 12th Grade
Used 55+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following does NOT describe GDP?
includes finished and unfinished products
includes products made within Singapore borders.
expressed in dollar amount
reported each quarter and each year
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many quarters of negative GDP growth signal a recession?
one quarter
at least 3 consecutive quarters
2 consecutive quarters
at least a full year (4 quarters)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a good range of growth for GDP?
0 - 1/2 %
2.2%
1-2%
2.5-5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I buy all the Girl Guides Cookies, how would my spending be classified?
included in GDP under "investment"
included in GDP under "consumption"
excluded from GDP under "nonmarket transaction"
excluded from GDP under "transfer payment"
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I buy a luxury bag in Paris during my holiday there, my purchase would be...
Included in GDP as "imports"
Included in GDP as "investment"
Excluded from GDP as "not within borders"
Excluded from GDP under "underground economy"
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following represents the formula for the EXPENDITURE MODEL for GDP?
C+I+G
W-R+I-G
W+R+I+P
C+I+G+(X-M)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All construction work is counted as
government spending
foreign sector spending
consumer spending
investment spending
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