Measuring a Good Country Quiz

What is GDP?

• The total value of all government spending within a nation

• The total value of all imports and exports of a nation

• The total value of all consumer spending within a nation

• The total value of all goods and services produced within a nation in a given time period

Are logs harvested in the U.S. part of U.S. GDP?

• No

• Yes

• It depends on the type of logs

• It depends on the location of the logs

Was your country’s GDP smaller or larger than the U.S.?

• Equal

• Not mentioned in the text

• Larger

• Smaller

What is GDP per capita?

• The total value of all consumer spending per person in a nation

• The total value of all government spending per person in a nation

• The total value of all imports and exports per person in a nation

• The total value of all goods and services produced per person in a nation

Was your country’s GDP per capita smaller or larger than the U.S.?

• Smaller

• Larger

• Not mentioned in the text

• Equal

What is a healthy level of unemployment?

• 0%

• 10%

• 4-5%

• 50%

What is a good level of inflation?

• 10%

• 2%-3%

• 5%

• 20%

What is absolute debt?

• The debt of a country in relation to its population

• The debt of a country in relation to other countries

• The total debt of a country

• The total debt divided by the income of the country

Exchange Rate – Cost of living: Would you rather have 1 U.S. dollar in America or 1 U.S. dollar in Canada?

• America

• Canada

• Not mentioned in the text

• It doesn't matter

Which is better a larger # of exports or imports?

• Exports

• Imports

• Not mentioned in the text

• Both are equally good