Economics Unit 3 test
Authored by Rachel Zgabay
Social Studies
9th - 12th Grade
Used 14+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the main economic indicator that economists look at to analyze the state of a nation's economy?
Net National Product
Gross National Income
Greater Domestic Production
Gross Domestic Product
2.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What is the formula to calculate GDP? (no spaces)
(a)
3.
MATCH QUESTION
3 mins • 4 pts
Match the following expenses to their correct categories.
The Department of Transportation maintains the roads that transport dairy.
Government spending
A farmer buys a dairy cow.
Investment
The farmer sells his milk to a customer in Canada.
Net exports
Ms. Zgabay buys milk at the store.
Consumption
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which type of GDP does not account for rising costs or inflation?
Real
Nominal
Calculated
Approximate
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of these would not be included in America's GDP calculations?
Fabrics made in China and sold in Texas
Computers made in the USA and sold in Canada
A professional nanny that reports income to the IRS
Home repairs that you hire someone to complete at your house
6.
LABELING QUESTION
3 mins • 4 pts
Label each stage of the business cycle correctly.
7.
FILL IN THE BLANKS QUESTION
3 mins • 1 pt
The United States has been able to avoid entering a stage of (a) , which is six months in a row of a declining GDP.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
