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ECON Unit 3 Review - Monetary Policy

Authored by Alexis Vlug

Social Studies

10th - 12th Grade

Used 117+ times

ECON Unit 3 Review - Monetary Policy
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30 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT an economic indicator used to measure economic growth?

Gross Domestic Product

Consumer Price Index

Monetary Policy

Unemployment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who is in charge of calculating these economic indicators?

Bankers

Congress

The FED

Statisticians

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total value of goods and services produced in a country within a given year refers to...

Unemployment

Consumer Price Index

Gross Domestic Product

Monetary Policy

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the following are included in GDP EXCEPT...

Finished Products

Thrift Store Items

Customer Service

Natural Resources

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the following are the four sectors of spending that make up GDP EXCEPT...

Consumer

Foreign

Investor

Market Basket

Government

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

According to the image, which spending sector makes up the largest portion of GDP?

Investor

Government

Consumer

Foreign

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

This formula used to calculate GDP is called the...

Input Expenditure Model

Revenue Formula

Output Expenditure Model

GDP formula

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