Economic Awareness Quiz

What is the term used to describe the total value of all goods and services produced within a country in a given time period?

• Gross Domestic Product (GDP)
• Consumer Price Index (CPI)
• Inflation
• Unemployment Rate

What is the term used to describe the difference between a country's exports and imports of goods and services?

• Trade deficit
• Gross domestic product
• Inflation rate
• Interest rate

What is the term used to describe the measure of how effectively a country's resources are being used to produce goods and services?

• Economic development
• Economic growth
• Productivity
• Gross Domestic Product (GDP)

What is the term used to describe the percentage change in the average level of prices of goods and services in a country over time?

• Inflation
• Deflation
• Gross Domestic Product
• Unemployment

What is the term used to describe the total value of all final goods and services produced within a country in a given time period, typically a year?

• Gross Domestic Product (GDP)
• Net Income
• Supply and Demand
• Consumer Price Index (CPI)

What is the term used to describe the measure of how efficiently a country's resources are being used to produce goods and services?

• Gross Domestic Product (GDP)
• Inflation
• Unemployment rate
• Productivity

What is the term used to describe the total value of all goods and services produced within a country in a given time period?

• Gross Domestic Product
• Consumer Price Index
• Inflation Rate
• Unemployment Rate

What is the term used to describe the ratio of the number of unemployed individuals to the total number of individuals in the labor force?

• Unemployment rate
• Inflation rate
• Gross domestic product
• Consumer price index

What is the term used to describe the percentage of the total labor force that is unemployed and actively seeking employment?

• Inflation rate
• Gross Domestic Product
• Labor force participation rate
• Unemployment rate

What is the term used to describe the measure of the overall health and well-being of an economy, including factors such as unemployment, inflation, and economic growth?

• Gross Domestic Product (GDP)
• Fiscal Policy
• Macroeconomics
• Economic Indicators