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Measuring Economic Activity

Authored by Muneeza Tahir

Business

10th - 12th Grade

Used 9+ times

Measuring Economic Activity
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10 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is measured by economic indicators?

production of the country

comparison to other countries

economic growth

all of the above

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The amount of goods and services produced by a country measures how well an economy is performing.

True

False

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

GDP is calculated by the amount of goods and services produced in a country every

6 months

6 years

1 year

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Standard of living is

the level of material comfort as measured by the goods and services that are available.

amount of goods and services people can buy with the money they have

All of the above.

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What does unemployment rate measure?

Number of products and services produced by a country.

economic strength of a country

number of people who can not find a job.

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following results in decreased buying power?

Standard of living

Deflation

Inflation

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Increased cost of raw materials, salaries and war do not have an effect on inflation.

True

False

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