AP Economics Section 2 Review 3/1/2021

AP Economics Section 2 Review 3/1/2021

12th Grade

25 Qs

quiz-placeholder

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AP Economics Section 2 Review 3/1/2021

AP Economics Section 2 Review 3/1/2021

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

ANDREW ALVAREZ

Used 20+ times

FREE Resource

25 questions

Show all answers

1.

DRAG AND DROP QUESTION

1 min • 1 pt

investment spending includes spending on which of the following? (a)  

stocks
physical capital
inputs
services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is included in the calculation of GDP?

intermediate goods

used goods

stocks and bonds

domestically produced capital goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is true for this year if real GDP is greater than nominal GDP.

the price level has decreased since the base year

the economy is experiencing inflation

there has been economic growth

net exports are positive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a country's labor force is equal to which of the following?

the number of people aged 16 and above

the number of people employed plus the number of retired

the number of people employed plus the number of unemployed

the number of people working for pay

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the number of people who are considered unemployed is equal to the number of people who are not working and

are actively seeking work

are receiving unemployment compensation

plan to look for work in the future

have looked for work in the recent past

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the unemployment rate is the number of people unemployed divided by the number-

employed

employed plus the number discouraged

in the labor force

in the population

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the number of people counted as unemployed includes which of the following types of workers?

discouraged workers

aspiring workers seeking their first job

underemployed workers

retired workers

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