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Economic Performance Quiz

Authored by Luis Chuprinski

Social Studies

9th - 12th Grade

Used 1+ times

Economic Performance Quiz
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42 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which economic indicator measures the total value of all the productivity in a country in one year?

CPI

GDP

Inflation

Unemployment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer price index (CPI) measures

periods of economic recession

periods of economic growth

changes in the price level over time

the total value of goods and services that are produced

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is Inflation?

Inflation is a decrease in the general level of prices

Inflation is an increase in the general level of prices

Inflation is a number that that compares prices in one year with prices with some earlier base year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation hurt lenders like banks?

The purchasing power of money increases over time.

The value of assets goes down.

Banks lose profit on long-term loans.

Banks make too much profit.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic indicator is used to measure inflation?

Nominal GDP

Real GDP

GDP

CPI

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of inflation on the purchasing power of money?

It increases the purchasing power.

It decreases the purchasing power.

It has no impact on the purchasing power.

It fluctuates the purchasing power.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic indicator is used to measure the unemployment rate?

GDP

CPI

Unemployment Index

Inflation Index

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