PBMF Semester 1 Exam (2022)

PBMF Semester 1 Exam (2022)

9th - 12th Grade

•

41 Qs

quiz-placeholder

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PBMF Semester 1 Exam (2022)

PBMF Semester 1 Exam (2022)

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Medium

Created by

Melissa Guggenheim

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41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a business cycle graph, what is the phase called when there is a downward slope and GDP is falling?

Peak

Trough

Slump

Recession

Shock

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP is an important economic measurement because it

provides valuable data on unemployment rates.

provides valuable data on inflation rates.

measures the value of final goods and services produced by a country.

measures only the exports of a country

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes the phases of expansion and contraction in an economy over time?

Recessions

Prosperity

Total product oscillations

Business cycles

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Business Cycle measures ___ over time.

wealth

inflation

economic growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which part of the business cycle is when there is a prolonged period of high unemployment, weak consumer sales, GDP is falling rapidly, and people can't afford to satisfy basic needs?

Prosperity

Recession

Depression

Recovery

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which part of the business cycle is when unemployment begins to decrease, GDP rises, people gain employment, and consumers regain confidence and buy more?

Prosperity

Recession

Depression

Recovery

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when there is an increase in prices?

Inflation

Recession

Recovery

Deflation

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