Economic Indicators

GDP stands for...

• Gross Dumb Putrid

• Gross Domestic Product

• Gross Demonstrative Production

The best definition for GDP is...

• The total value of goods and services produced in a country in a year.

• The total value of a person's income from their job

• The total value of a country's debt, produced by their spending.

Which of the following is the best definition for the term Life Expectancy.

• The age of the oldest person in a country.

• How long people are expected to live on average.

• A person's age.

What is a literacy rate?

• The total percentage of people in a country that can write.

• The percentage of people in a country who can read.

• The percentage of people in a country that can read and write.

What is the best definition of an economy?

• Money

• A system in which people produce, sell, and buy things.

• A system in which people make goods and provide services.

What is the best definition for standard of living?

• The level of goods, services, and material comforts of people in a country.

• How much money a person has.

• The amount of money that determines if a person is poor or rich.