
GDP & Business Cycle
Authored by Wesley Sweat
Social Studies
12th Grade
Used 2+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cars, TVs, computers belong in which part of the GDP formula?
GDP = C+I+G+(X-M)
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An airline buying a plane belong in which part of the GDP formula?
GDP = C+I+G+(X-M)
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Tanks and roads belong in which part of the GDP formula?
GDP = C+I+G+(X-M)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does X represent in calculating net imports?
X-M
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does M represent in calculating net imports?
X-M
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A British company purchases a one-year membership to PartyFolks.com, a U.S. based company
U.S. GDP increases
U.S. GDP decreases
No change
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Expectant parents buy supplies for the nursery. Would this be included in GDP?
Yes - Consumer Spending
Yes - Investment
No - Intermediate goods
No - Non-market activity
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