
Economic Concepts Quiz
Authored by Greyson Pinkston-Maceira
Social Studies
6th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is GDP?
Gross Domestic Product
Gross Domestic Profit
Global Domestic Product
Great Domestic Production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a traditional economy?
Government control of industries
Based on tradition and customs
Free enterprise
Combination of market and command economies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP per capita estimate?
The literacy rate of a country
The amount of goods and services produced in a year
The average income of people in a country
The total population of a country
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is literacy?
The ability to speak multiple languages
The ability to read and write at an adult level
The ability to perform complex mathematical calculations
The ability to play a musical instrument
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a command economy rely on?
Supply and demand
Free enterprise
Government control of industries
Tradition and customs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the literacy rate measure?
The percentage of people who can play a musical instrument
The number of people who can perform basic arithmetic
The percentage of people who can read and write in a country
The number of people who can speak a foreign language
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the standard of living?
The amount of goods and services produced in a year
The level of material comfort and wealth people have in a country
The number of years people live on average in a country
The average life expectancy in a country
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