Economic Indicators

Economic Indicators

10th - 11th Grade

15 Qs

quiz-placeholder

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Economic Indicators

Economic Indicators

Assessment

Quiz

Social Studies

10th - 11th Grade

Medium

Created by

Nicholas Schaefer

Used 71+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the definition for GDP?

The market value of all final goods and services produced in a nation during a period of time, usually a year.

The increase of general prices over time.

When people do not have jobs and are actively looking for one.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the definition for inflation?

The market value of all final goods and services produced in a nation during a period of time, usually a year.

The increase of general prices over time.

When people do not have jobs and are actively looking for one.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the definition for unemployment?

The market value of all final goods and services produced in a nation during a period of time, usually a year.

The increase of general prices over time.

When people do not have jobs and are actively looking for one.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the ideal (healthy) rate for GDP?

2-4%

Below 3%

Below 5%

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the ideal (healthy) rate for Inflation?

2-4%

Below 3%

Below 5%

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the ideal (healthy) rate for Unemployment?

2-4%

Below 3%

Below 5%

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How is GDP calculated?

C + I + G + (X - M)

C - I - G - (X + M)

C + I + G (X - M)

I + G + C (M - X)

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