Circular Flow & GDP

Circular Flow & GDP

9th - 12th Grade

•

38 Qs

quiz-placeholder

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Circular Flow & GDP

Circular Flow & GDP

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Easy

Created by

Shondale Pagano

Used 1+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High levels of GDP per capita indicate...

Higher levels of happiness 
Higher standard of living
Equal levels of wealth 
Self-sufficient communities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The trade in exotic animals being illegally sold as pets is a multi-billion-dollar-a-year industry.  Is this included in GDP?

Yes - Consumer spending
Yes - Government Spending
No - Underground Economy 
No - Non-market activity 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each individual on food stamps in Florida can receive up to $194 a month. Is this included in government spending?

Yes - Government spending

Yes - Consumer Spending

No - Intermediate Goods

No - transfer payment

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Output per person, calculated as real GDP divided by the total population.   

GDP/Capita
GDP
Productivity  
Investment 

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Business spending on physical capital, new homes, and inventories is counted in which component of GDP?

consumption
investment
government spending
imports-exports

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which items are added together to get Gross Domestic Product?

Consumption, government spending, net exports, and treasury bonds
Consumption, Interest payments, government spending, and net exports
Consumption, aggregate demand, aggregate supply, and net exports
Consumption, investment, government spending, and net exports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Real GDP is $300 million and the population is 10 million, what is the Real GDP per capita?

$3,000 
$300 
$30 
$5 

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