Search Header Logo

Unit 2 Quiz

Authored by Mara Rozzi

History

9th - 12th Grade

Unit 2 Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which definition belongs to Macroeconomics? 

financial, or business variable that it is associated with

Studies the behavior of a country and how its policies affect the economy as a whole.

GDP

Studies individuals and business decisions

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which definition belongs to Microeconomics? 

An increase in price results in an increase in quantity supplied

Production and Consumer interaction model

Studies the behavior of a country and how its policies affect the economy as a whole.

Study of decisions made by people and businesses regarding the allocation of resources and prices of goods and services

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

GDP stands for what? 

Gross Domestic product

Gross Defense product

Growing Domestic Product

Gross Defense Population

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

GDP is defined as 

An increase in price results in an increase in quantity supplied

Depletion of available resources

the total value of goods produced and services provided in a country during one year.

Economics

5.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

What are the four main indicators of economic health? Select all that are correct 

Unemployment rate

Inflation

GDP

Price Index

Economics

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which definition is correct for Real GDP? 

The dollar price of GDP in a base year’s price, used to compare changes in GDP from one year to the next. An increase in real GDP is an increase in economic growth.

Depletion of available resources

GDP that is not adjusted for inflation. The value of goods and services in current prices.

Currency value of all final goods and services produced within a country in a given period of time

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which definition is correct for Nominal GDP? 

Partnership, Entrepreneurship, Money, Corporation

Economics

The dollar price of GDP in a base year’s price, used to compare changes in GDP from one year to the next. An increase in real GDP is an increase in economic growth.

GDP that is not adjusted for inflation. The value of goods and services in current prices.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?