
Measuring the Economy
Quiz
•
Social Studies
•
11th - 12th Grade
•
Easy
Samantha Beagle
Used 11+ times
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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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