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GDP Quiz

Authored by Narciso Juarez

History

12th Grade

Used 4+ times

GDP Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Difference between Real and Nominal GDP is

A. Measured by excluding some of the sectors

B. That real GDP is always smaller than Nominal GDP

C. Change in output level from base year to current year

D. None of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. GDP is market value of all the final goods

A. Produced domestically

B. Produced by foreign factors of production

C. Produced by all factors of inflation

D. All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3.  Macroeconomics is the study of…

A. Households & inflation

B. Entire Economy

C. Individual Consumers

D. None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Which of the following is not included in a country’s GDP?

A. Consumer Spending

B. Business Investment

C. Net Trade

D. Stock Exchanges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. Which of the following is included in a country’s GDP?

A: Non-Market Activities

B: Net Trade

C: Stock Exchanges

D: Intermediate Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. A car produced in America but sold in Mexico

A. Excluded from GDP

B. A durable good

C. Included in GDP

D. Excluded from CPI.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Which of the following is an intermediate good?

A. iPads

B. Eggs

C. Glass for windows

D. Chips

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