GDP = Consumption by households + Investment by producers + government spending + (imports - exports)
Economic growth

Quiz
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Other
•
10th Grade
•
Hard
Anke Nieuwoudt
Used 87+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Nominal GDP can rise in value because of two of the below reasons. Which reason is not correct?
The output of the country increases
The general level of prices in the country decreases
The general level of prices in the country increases
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which one of the following is NOT a method of calculating real GDP?
income method
savings method
expenditure method
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
GDP per capita means
real GDP per household
real GDP per head
real GDP per worker
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If the real GDP for a given period is divided by the size of the population for that same period, it is known as
GDP at factor cost
GDP at market prices
real GDP
GDP per capita
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose that in the country of Xanadu, the real GDP in 2004 was R1883 billion. In 2005, real GDP was R1610 billion. In Xanadu, real GDP grew by
14.5%
17%
-14.5%
-17%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following information is taken from the national accounts of Zambibia:
C = R200 million
I = R50 million
G = R150 million
X = R200 million
M = R180 million
Gross Domestic Expenditure is
R400 million
R420 million
R600 million
R380 million
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