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Unemployment/GDP

Authored by Brennan Freitag

Social Studies

9th - 12th Grade

Used 5+ times

Unemployment/GDP
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11 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does GDP measure?

The monetary value of goods and services produced within a country's borders

The total amount of money in a country's economy

The monetary value of goods and services produced outside a country's borders

The total number of goods and services produced within a region's borders

2.

OPEN ENDED QUESTION

15 mins • 1 pt

*Bonus* Name one of the top 3 economies in the world. That IS NOT the United States of America.

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3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

How are the survey responses weighted for the Current Population Survey?

By adjusting for age, sex, race, ethnicity, and state of residence of the person

By adjusting for the number of people collecting unemployment insurance

By adjusting for the activities during the reference week

By adjusting for the number of households in the sample

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the sample size for the Current Population Survey?

Approximately 110,000 individuals

Approximately 2,000 people

Approximately 60,000 households

Approximately 800 geographic areas

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

How does the government measure the extent of unemployment in the country?

By conducting a population census every 10 years

By using the number of people collecting unemployment insurance

By counting every unemployed person each month

Through a monthly survey called the Current Population Survey (CPS)

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What do workers and their families lose when workers are unemployed?

Purchasing power

Goods and services that could have been produced

Wages

All of the above

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Why does the government collect statistics on the unemployed

To track the purchasing power of workers

To determine the extent and nature of the problem

To calculate the unemployment insurance benefits

To measure the number of people collecting unemployment insurance

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