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Domain 3 & 4 Review

Authored by Michelle Ashley

Social Studies

9th - 12th Grade

Used 3+ times

Domain 3 & 4 Review
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43 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

The total value of all goods and services produced in a country every year.

Imports

Exports

Gross Domestic Product (GDP)

Literacy Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A country’s GDP divided by its total population.

GDP per capita

GDP growth rate

Gross Domestic Product

Literacy rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A tax placed on imported goods

Tariff

Quota

Embargo

Standard of living

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A limit on the quantity of an item brought into a country

Tariff

Quota

Embargo

Standard of living

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which is the following is included in GDP?

an intermediate good

a service produced and used in another country

a fish that you catch and eat yourself

a fish that you buy at a store

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The inflation rate is

the ability to buy goods or services

measured in fixed dollars

not an important measure to economists

the percentage change in prices over time

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Inflation reduced people's purchasing power because

the same amount of money buys ore goods and services

the same amount of money buys fewer goods and services

the market basket has to be changed every year

there is not enough money in the economy

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