Unit 3

Unit 3

12th Grade

6 Qs

quiz-placeholder

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Unit 3

Unit 3

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Hannah Campbell

Used 2+ times

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6 questions

Show all answers

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