
Quiz 1 : Unit 1
Authored by Alisha Mahajan
Social Studies
12th Grade
22 Questions

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a component of Gross Domestic Product (GDP)?
Government Spending
Net Exports
Savings
Consumption
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a component of Gross Domestic Product (GDP)?
Imports
Interest payments on government debt
Transfer payments from the government
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not included in National Income (NI)?
Corporate profits
Interest income
Rental income
Depreciation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of double counting?
Counting the value of a car both when it is sold and when it is resold later
Counting the value of a car both when it is produced and when it is sold
Counting the value of a car both when it is produced and when it is scrapped
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a measure of the total income earned by a country's residents and businesses, regardless of where the production takes place?
Gross Domestic Product (GDP)
Gross National Product (GNP)
NFIA
Personal Income (PI)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a transfer payment?
Social Security benefits
Wages earned by a factory worker
Profits earned by a corporation
Interest earned on a bank account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a measure of the value of all final goods and services produced within a country's borders in a given period of time?
Gross Domestic Product (GDP)
Gross National Product (GNP)
National Income (NI)
Personal Income (PI)
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