
GDP and Economic Indicators Review
Authored by Jacob Mackey
Social Studies
11th - 12th Grade
Used 4+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does Per Capita Mean?
Per Household
Per Object
Per Worker
Per Person
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During recessions all of the following usually happen EXCEPT
inflation decreases
unemployment increases
GDP decreases
GDP increases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If GDP falls for at least 2 Quarters, it is considered what stage of the business cycle?
Expansion
Recession
Prosperity
Recovery
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used to describe the percent of the labor force that does not have a job but is currently looking for one?
Leading economic indicator
Full employment
Unemployment rate
workforce
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used to describe an increase in the general price level?
Deflation
Monetary policy
Stagnation
Inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the phases of expansion and contraction in an economy over time?
Recessions
Prosperity
Total product oscillations
Business cycles
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following connects with letter A
Peak
Trough
Recession
Expansion
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