Unit 6 Quiz Review

The total dollar value of all final good and service produce within a countries boarder in a given year is

• Gross Domestic Product (GDP)
• Consumer Price Index (CPI)
• Gross National Product (GNP)
• Net Domestic Product (NDP)

In GDP , "Total Dollar Value" stands for.......

• Money spent

• Ready to be used

• Made in the USA

• New not Used

In GDP , " Final Products" stands for.......

• Money Spent

• Ready to be used

• Made in USA

• New Not used

In GDP , "Within a countries borders " stands for.......

• Money Spent

• Ready to be used

• Made in USA

• New Not used

In GDP , "Given Year " stands for.......

• Money Spent

• Ready to be used

• Made in USA

• New Not used

GDP is estimated.......

• Yearly

• every 6 months

• every three years

• quarterly

3 of these are not calculated in the GDP. Which of these things IS calculated in the GDP.

• Intermediate Goods

• Final Products

• Underground Economies

• Non Market Transactions

Intermediate goods are

• Goods that are not essential for the production process
• Goods that are not used in production
• Goods sold directly to consumers
• Goods used in the production of final goods

Underground economy is

• economic transactions that are fully regulated by the government
• economic transactions that are only recorded by the government
• economic transactions that are not monitored by the government
• economic transactions that are not recorded or regulated by the government

A non-market activity is

• A business transaction
• Activities or Jobs that you perform for yourself that you could be paying someone to do

• A commercial exchange
• A for-profit enterprise