Finance Unbox-ED ($) - Grade 3-5 - Session 002 - Quiz 2

What does GDP stand for?

• Goods Domestic Product
• Gross Domestic Product
• General Domestic Product
• Gross Demand Product

What is the GDP of a country?

• Demand for all the goods and services in a country in one year
• Supply of all the goods and services in a country in one year
• Quantities of all the goods and services produced by a country in one year
• Market value of all the goods and services produced by a country in one year

Select all the statements that are true

• USA has the highest GDP by value
• Germany has the highest GDP by value
• India has had rapid GDP increase over the last decade
• Japan has had rapid GDP increase over the last decade

Select all the statements that are true

• GDP tells us how large the economy of a country is
• GDP increase and decrease tell us how well the economy of a country is doing
• Increase in GDP is a good thing and decrease in GDP is a bad thing
• All of the above

What is GDP decline or decrease called?

• Deflation
• Inflation
• Recline
• Recession