What is the definition for GDP?
Economic Indicators

Quiz
•
Social Studies
•
10th - 11th Grade
•
Medium
Nicholas Schaefer
Used 71+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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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