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Economic Indicators

Authored by McKenna Loop

Business

9th - 12th Grade

Used 27+ times

Economic Indicators
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the economic indicator that explains why prices increase over time?

Inflation

Unemployment

Gross Domestic Product

Standard of Living

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following economic indicators is the total sum of all products produced and sold within a countries border in a given year?

GDP

Unemployment

Inflation

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quality of life is also called?

Inflation

Standard of Living

Unemployment

Gross Domestic Product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labor productivity has to do with

Unemployment

standard of living

how many people are working

the amount of work an employee can get done in a one hour unit time span

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A healthy economy aims to do all of the following EXCEPT

Increase Productivity

Decrease unemployment

Decrease standard of living

Stabilize Prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a normal inflation rate?

1-3%

5-7%

7-9%

10-12%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can standards of living vary within a single country?

No

Yes

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