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Economic Indicators

Authored by Jenny Huffman

Business

9th - 12th Grade

Used 4+ times

Economic Indicators
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11 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the Unemployment Rate measure?

Average salary of employed individuals

Number of people in the labor force

Number of job vacancies

Percentage of unemployed labor force

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic indicator shows

how many times families visit the grocery store per week

the health of the economy

how much students like their school

how many people like their jobs

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following in not an economic indicator?

Temperature

GDP

Inflation Rate

Unemployment Rate

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a cause of inflation?

Decrease in consumer spending

Decrease in the money supply

Increase in the money supply

Increase in interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Inflation Rate?

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 unemployment rate 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.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Gross Domestic Product?

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 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 produced within a country's borders in a specific time period.

7.

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)

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