
GDP first lesson
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Anna Mard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A restaurant buys strawberries to make a smoothie. The purchase of the strawberries is added to GDP under consumption.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If real GDP is £100 and the number of people in a country is 20, then real GDP per capita in that country is:
£5
£100
£120
£2000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prices typically rise for similar goods over time, the economic term for this is
Real GDP
Nominal GDP
Inflation
Correlation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which GDP measure best approximates the standard of living over time?
Nominal GDP
Real GDP
Nominal GDP per capita
Real GDP per capita
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in GDP?
A professional nanny looking after a child
A father staying at home taking care of his children
A maths tutor giving lessons at his home
A maths tutor buying a course book for his daughter
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imported oranges to the United States from the Dominican Republic are counted towards which country’s GDP?
Dominican Republic
The U.S.
Both
Neither
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the graph which shows nominal (red) and real (blue) GDP, we can claim that
Turkish standard of living is falling
Turkey' s standard of living is rising fast
Prices have risen in Turkey
Prices have fallen in Turkey
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