
AP Macro Unit 2 pt 1
Authored by Travis Miller
Social Studies
12th Grade
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43 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a method for calculating GDP?
Expenditure approach
Production approach
Income approach
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does nominal GDP refer to?
GDP adjusted for inflation
GDP not adjusted for inflation
GDP measured with base year prices
GDP of the previous year
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes real GDP?
GDP evaluated at current market prices
GDP adjusted for changes in the price level
GDP including international transactions
GDP excluding non-market transactions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is GDP per capita?
Total GDP of a country
GDP divided by the adult population
GDP divided by the total population
GDP multiplied by the total population
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor does NOT directly affect GDP?
Consumer spending
Government spending
Net exports
Stock market prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the expenditure approach to calculating GDP summed up?
C + I + G + (X - M)
C + I + G + (M - X)
C + I + G + NX
C + I + NX + (X - M)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'I' stand for in the expenditure approach to GDP?
Interest
International trade
Investment
Insurance
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