5.01-2

5.01-2

1st - 5th Grade

31 Qs

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5.01-2

5.01-2

Assessment

Quiz

Arts

1st - 5th Grade

Practice Problem

Easy

Created by

Denise Murray

Used 1+ times

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an economic condition that consumer spending usually measures?

competition
depreciation
employment
infrastructure

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a factor that measures the condition of the economy?

fiscal policy
profit margin
price stability
financial cycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When interest rates continue to increase to a high level, the economy might experience a/an:

expansion.
liability.
recession.
shortage.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When consumer purchasing power decreases, the economy will experience a period of:

containment.
contraction.
emergence.
expansion.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales are falling off, production and employment are in decline, and the general feeling among businesspeople is that times are bad. This information indicates that the business cycle is in which phase?

contraction
expansion
inflation
peak

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses purchasing items for resale are exempt from sales tax. This helps to prevent what problem when measuring the GDP?

double counting
recording bartering
underground economy
secondhand transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which are used in the calculation of the gross domestic product?

land titles
net exports
projected expenses
intermediate goods

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