
Economics Chapter 4 Review
Authored by Natasha Adams
Social Studies
11th Grade
Used 67+ times

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40 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
GDP is an acronym for what?
(a)
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This is the most important measure used to determine the health of the economy
(a)
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
GDP given in current prices, without adjustment for inflation.
(a)
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The value of the goods and services produced by an economy in a specific period, adjusted for inflation
(a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a limitation to GDP?
These are all limitations
Does not take into account non material living standards
The distribution on income is not factored
It does not take into account quality changes
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A measure of the total output of a country that takes (GDP) divided by the number of people in the country.
(a)
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A rise in per capita GDP signals which of the following?
growth in the economy
an increase in productivity
None of these
Both of these
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