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Economic Indicators

Authored by Dawn L Bruns

Social Studies

12th Grade

Used 1+ times

Economic Indicators
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a basic economic indicator introduced in the lesson?

Interest Rate

Unemployment Rate

Inflation Rate

Real GDP

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the inflation rate measure?

The percentage of the labor force that is unemployed

The total output of goods and services

The total amount of money in circulation

The rate that prices for goods and services have increased

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the unemployment rate calculated?

By dividing the number of unemployed individuals by the labor force and multiplying by 100

By adding the number of unemployed and employed individuals

By dividing the number of unemployed individuals by the total population

By subtracting the number of employed individuals from the total population

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an increase in real GDP indicate?

Lower inflation rates

Higher inflation rates

Lower productivity and less employment

Higher productivity and more employment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a cause of inflation?

Demand-pull

Supply-push

Interest rate drop

Decrease in consumer spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating GDP?

GDP = C + I - G + Xn

GDP = C - I + G + Xn

GDP = C + I + G - Xn

GDP = C + I + G + Xn

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a decrease in the unemployment rate generally suggest?

Higher GDP and higher living standards

Lower GDP and lower living standards

Higher inflation and lower living standards

Lower inflation and higher living standards

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