
Economic Performance Quiz
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Luis Chuprinski
Used 1+ times
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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
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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