Chapter 13 Economy's Performance

Chapter 13 Economy's Performance

12th Grade

26 Qs

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Chapter 13 Economy's Performance

Chapter 13 Economy's Performance

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Cameron Stewart

Used 7+ times

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26 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A period of prosperity in a business cycle in which economically it is at its highest point is known as _______

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is one of the five major statistics to measure the national economy?

Inflation

National Income

Consumer Price Index

Producer Price Index

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all of the following answer choices that are the four economic categories in which the spending in GDP is determined.

Consumer

Investor

Government

Net Exports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation affect purchasing power?

No relationship

Purchasing power of the dollar goes up

Purchasing power of the dollar goes down

Purchasing power of the dollar does not change

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which term best describes the dollar value of a nation's total domestic output that is adjusted to inflation?

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all of the main items used to measure inflation.

Aggregate demand curve

Aggregate Supply Curve

Business Cycle Model

Consumer Price Index

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The total amount that people, businesses, and government plans to spend is best described as _________.

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