Quiz on U.S. Economic Indicators

Quiz on U.S. Economic Indicators

10th Grade

10 Qs

quiz-placeholder

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Quiz on U.S. Economic Indicators

Quiz on U.S. Economic Indicators

Assessment

Quiz

Social Studies

10th Grade

Hard

Created by

Emma Steere

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does GDP stand for in economic terms?

Global Domestic Product

Gross Domestic Profit

General Domestic Production

Gross Domestic Product

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which department releases the monthly employment figures in the U.S.?

Census Bureau

Department of Labor

Federal Reserve

Department of Commerce

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What percentage of the U.S. GDP is represented by consumer spending as of Q2 2024?

75%

68%

50%

60%

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which index is commonly used to measure inflation?

Consumer Price Index (CPI)

Producer Price Index (PPI)

Employment Cost Index (ECI)

Gross Domestic Product (GDP)

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

GDP is an important economic measurement because it

provides valuable data on unemployment rates.

provides valuable data on inflation rates.

measures the value of final goods and services produced by a country.

measures only the exports of a country

6.

OPEN ENDED QUESTION

5 sec • 1 pt

Explain the role of economic indicators in understanding the health of the economy. Which of the indicators mentioned in the article do you think provides the most comprehensive view of the U.S. economy, and why?

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7.

OPEN ENDED QUESTION

5 sec • 1 pt

Choose one economic indicator from the article (e.g., GDP, unemployment rate, or consumer confidence index) and explain how it reflects the economic conditions in a country. What trends or changes in this indicator would you look for to predict an economic downturn or growth?

Evaluate responses using AI:

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