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Measuring the Economy

Authored by Samantha Beagle

Social Studies

11th - 12th Grade

Used 11+ times

Measuring the Economy
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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To keep track of inflation, the government uses the

gross national product.

consumer price index.

real GDP.

NYSE.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy grows

at a constant rate.

at a constant increase.

at a constant decrease.

in alternating periods of growth and decline.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which explanation best explains the effects of inflation?

Consumers have more products to choose from.

Inflation erodes (take away from) the purchasing power of the dollar.

Inflation results in lower prices.

Demand increases because prices are higher.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP equals the value of all

final goods and services produced.

services and only services produced.

goods and only goods produced.

final goods and services consumed by households.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

decrease in overall price level of goods and services in an economy

the price of a good remains stable

how many people are working and not working

increase in overall price level of goods and services in an economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the unemployment rate measure?

the percentage of those who are employed

the percentage of those without work

the percentage of how much prices have increased

the percentage of those who have healthcare

the percentage of those who have education

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "per capita" mean?

Per person

Per household

Per capital

Per country

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