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ECON MINI CHP12 RECAP

Authored by Laura Priebe

Social Studies

12th Grade

Used 9+ times

ECON MINI CHP12 RECAP
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross domestic product is:

the total value of goods/services produced in 5 years

the total value of goods/services produced in 1 year

the total demand and supply in the city

nasty products produced in a country

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

We can determine how healthy an economy is by looking at. . .

GDP

unemployment rates

how often the sun rises

where the people work

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Do we count stimulus checks in the GDP?

no

yes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business cycle represents the ________ and ______ of an economy

supply and demand

ups and downs

government and businesses

growth and expansion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one impact of a global pandemic on the economy?

decreased consumer confidence

increased supply chains

trade stability

positive impact on the economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth is achieved by. . .

decreasing consumer spending

increasing taxes

reducing job opportunities

increasing aggregate supply and demand

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Economic expansions include. . .

high unemployment

high employment

high consumption

low consumer confidence

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