
Economic Indicators Quiz
Authored by Andrea Izenstark
Other
10th Grade
Used 4+ times

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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Gross Domestic Product (GDP)?
The total value of all goods and services imported into a country in a specific time period.
The total value of all goods and services consumed by a country's population in a specific time period.
The total value of all goods and services exported from a country in a specific time period.
The total value of all goods and services produced within a country's borders in a specific time period.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Unemployment Rate measure?
Number of job vacancies
Average salary of employed individuals
Number of people in the labor force
Percentage of unemployed people in the labor force
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Inflation Rate?
The inflation rate is the percentage change in the unemployment rate over a period of time.
The inflation rate is the percentage change in the general price level of goods and services over a period of time.
The inflation rate is the percentage change in the stock market index over a period of time.
The inflation rate is the percentage change in the exchange rate of a currency over a period of time.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic indicator measures the overall health of an economy?
Gross Domestic Product (GDP)
Unemployment Rate
Consumer Price Index (CPI)
Stock Market Index
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an economic indicator?
GDP
Unemployment rate
Inflation rate
Temperature
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate GDP?
GDP = C + I + G + (X + M)
GDP = C - I + G + (X - M)
GDP = C + I - G + (X - M)
GDP = C + I + G + (X - M)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic indicator shows the
How many people like their jobs
How much students like their school
The health of the economy
How many times families visit the grocery store per week
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