
EPF 5 part 1
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
Bailey Carrington
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Which of the following studies economics as a whole?
Microeconomics
Macroeconomics
Both Micro and Macro economics
2.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Which of the following deals with Macroeconomics?
Individual income
Individual savings
Individual output
General price level
3.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
The most commonly used measure of a country's national income is.....
GNP
GDP
real GDP
CPI
4.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
In discussing the business cycle, an 'expansion' is often referred to as.....
peak
recovery
pre-peak
contraction
5.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
What is GDP?
Gross Domestic Product
Grand Domestic Product
Gross Domestic Produce
Gross Dominating Product
6.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
What does domestic mean?
Produced within the borders of a country
produced outside the borders of a country
bought from another country
purchased from a bordering country
7.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Gross domestic product is the total ______ produced within a country in a given time period.
market value of all final and intermediate goods and services
market value of all final and intermediate goods and services plus investment and depreciation
amount of final and intermediate goods and services
market value of all final goods and services
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