
Unit 3
Quiz
•
Social Studies
•
12th Grade
•
Medium

Hannah Campbell
Used 2+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Real GDP has been adjusted for inflation
True
False
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which economic indicator measures inflation by looking at a "basket" of average prices of consumer goods and services
CPI (Consumer Price Index)
Real GDP
Nominal GDP
Unemployment rate
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
GDP per capita shows
How much economic production can be attributed to each family in a country
How much economic production can be attributed to each industry in a country
How much economic production can be attributed to each individual in a country
How much economic production can be attributed to each state
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If GDP is decreasing and the unemployment rate is increasing, the economy is
An expansion
A peak
A trough
A recession
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Inflation is
The general rise in prices of all goods and services produced in the economy
The general drop in prices of all goods and services produced in the economy
The general rise in prices of a few goods and services produced in the economy
The general drop in prices of a few goods and services produced in the economy
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is NOT an example of seasonal unemployment?
A lifeguard at an outdoor pool losing their job in the fall
A halloween costume store employee losing their job in November
A shoe store manager loses their job after missing too many shifts
A mall Santa Clause losing their job in January
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