Gross Domestic Product
Quiz
•
Social Studies
•
12th Grade
•
Hard
MARISSA DECKER
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP stand for?
Global Development Plan
Government Debt Percentage
General Distribution Process
Gross Domestic Product
Answer explanation
GDP stands for Gross Domestic Product, which measures the total value of goods and services produced within a country. It is the correct choice.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP per capita measure?
Value of all goods and services produced
Economic growth rate
Total value of the economy
Average income of the population
Answer explanation
GDP per capita measures the average income of the population, highlighting the correct choice.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in the GDP measurement?
Value of consumed factors of production
Value of all goods and services produced
Final goods and services
Double value of factors of production
Answer explanation
The value of consumed factors of production is not included in GDP measurement. GDP measures the value of all goods and services produced, including final goods and services, but not the value of consumed factors of production or the double value of factors of production.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Human Development Index (HDI)?
To calculate GDP per capita
To assess human development
To compare GDP between countries
To measure economic growth
Answer explanation
The purpose of the Human Development Index (HDI) is to assess human development.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main limitation of GDP as an economic indicator?
It does not measure economic growth
It does not reflect income inequality
It does not consider inflation
It does not account for exchange rates
Answer explanation
The main limitation of GDP as an economic indicator is that it does not reflect income inequality.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the range of HDI for developing countries?
1.0-1.5
0.35-0.75
0.75-1.0
0.0-0.35
Answer explanation
The range of HDI for developing countries is 0.35-0.75. This range represents the correct choice.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has the highest GDP per capita in the world?
United States
India
China
Qatar
Answer explanation
Qatar has the highest GDP per capita in the world.
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