GDP, the 4 Factors & the Circular Flow of Resources

GDP, the 4 Factors & the Circular Flow of Resources

8th - 9th Grade

16 Qs

quiz-placeholder

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GDP, the 4 Factors & the Circular Flow of Resources

GDP, the 4 Factors & the Circular Flow of Resources

Assessment

Quiz

Social Studies

8th - 9th Grade

Medium

Created by

Barry Beshel

Used 9+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which is the best example of a natural resource?

deck

tree

fence

house

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a human resource?

oil

tools

goods

knowledge

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Most countries with high per capita GDPs have

highest population growth

free market economies

trade deficits

command economies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human resources can be improved if workers gain...

education, training, and experience

higher wages and better health care

higher quality factors of production

new machines and better materials

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

It is important to compare the United States' GDP to:

The GDP of another country

A U.S. GDP from past years

both “The GDP of another country" and “A U.S. GDP from past years”

none of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which sector represents companies that produce goods and services?

the product sector

the business sector

the foreign sector

the government sector

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The market demand curve slopes downward because prices go

down as demand goes up.

down as demand goes down

up as demand goes up

up as demand remains stable

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