GDP/Unemployment/Inflation Review

GDP/Unemployment/Inflation Review

12th Grade

20 Qs

quiz-placeholder

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GDP/Unemployment/Inflation Review

GDP/Unemployment/Inflation Review

Assessment

Quiz

History, Social Studies

12th Grade

Medium

Created by

Marissa Forget

Used 729+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best measure of a nation's standard of living?

real GDP per capita

population growth

savings

national income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real GDP

distorts the price level in the GDP

expresses GDP in constant prices

measures only intermediate goods

is another term for GNP

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the following is included in GDP?

an intermediate good

a service produced and used in another country

a fish that you catch and eat yourself

a fish that you buy at a store

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a farm worker loses his job after the harvest, it is an example of

Frictional unemployment

Seasonal unemployment

structural unemployment

cyclical unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement describes full employment?

Everybody who wants a job has a job

There is no unemployment at all

There is no cyclical unemployment

There is no structural unemployment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general increase in prices is called

inflation

purchasing power

the CPI

a price index

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who underemployed

no longer look for work

work part time or at jobs that are below their skills

are the same as unemployed workers

experience only frictional employment

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