The Components of GDP
Authored by Heather Genesio
Business
9th - 12th Grade
Used 2+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'c' represent in the GDP equation?
Net exports
Gross private investment
Government purchases
Personal consumption expenditures
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in personal consumption expenditures?
Thrift store fashions
Second-hand goods
Antique items
New goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'i' represent in the GDP equation?
Net exports
Government purchases
Personal consumption expenditures
Gross private investment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in gross private investment?
Second-hand machinery
Resold houses
Antique tools
New homes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'g' represent in the GDP equation?
Personal consumption expenditures
Gross private investment
Net exports
Government purchases
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in government purchases?
Bridges and buildings
Physical capital
Goods and services produced abroad
Goods and services produced domestically
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'x' represent in the GDP equation?
Domestic goods
Exports
Foreign services
Imports
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