
Mod 10 Quiz 2
Authored by ARNOLDO GARCIA
Social Studies
12th Grade
Used 4+ times

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government borrowing is:
the amount of funds raised by government in the financial markets.
the amount of government spending on goods and services.
the amount of government tax revenues collected.
the amount of government spending on transfer payments.
the amount of new money the government prints to pay the nation’s bills.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country's exports minus its imports during a period are:
net exports.
gross exports.
net imports.
gross imports.
direct foreign investment.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP is the:
total market value of all final goods and services produced in one year.
total accumulated wealth of an economy.
volume of all dollar transactions made in an economy in one year.
dollar amount of all sales made in the economy in one year.
total quantity of money in circulation in the economy in one year.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transfer payments:
are a means by which government raises funds.
represent a redistribution of funds from one individual to another individual in the economy.
are counted in GDP.
is another term for government taxation.
reduce a household’s ability to purchase goods and services.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disposable income refers to:
income spent on imports.
household income plus government transfers less taxes paid to the government.
gross income.
government transfer payments.
consumption spending plus taxes paid to the government.
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