Economic Activity Quiz

Economic Activity Quiz

12th Grade

20 Qs

quiz-placeholder

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Economic Activity Quiz

Economic Activity Quiz

Assessment

Quiz

others

12th Grade

Practice Problem

Easy

Created by

Aspen Farmer

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does economic activity encompass?

The production of goods and services only

The process of creating, distributing, and using goods and services

Only the production of goods

The creation of taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is economic activity important?

It determines government policies only

It affects individuals, businesses, and governments

It only impacts businesses

It helps reduce inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of economic activity from daily life?

Using a smartphone

Reading a book

Watching TV

Writing a letter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a recession affect businesses?

Increases consumer demand

Leads to higher profits

Results in job losses, reduced spending, and lower revenues

Boosts innovation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Gross Domestic Product (GDP)?

The total market value of goods and services produced within a country

The amount of money in circulation within a country

The unemployment rate in a country

The inflation rate of a country

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in the GDP calculation?

Only government spending

Only consumer spending

Consumer spending, business investment, government spending, and net exports

Only business investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a high unemployment rate indicate?

High consumer spending

Economic prosperity

Economic slowdown and lower demand

Increasing government investment

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