National Economic Performance Unit Test Review

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•
Social Studies
•
9th - 12th Grade
•
Hard
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23 questions
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1.
FLASHCARD QUESTION
Front
______________ is when there is an increase in the market value of goods and services produced by an economy over time
Back
Economic Growth
2.
FLASHCARD QUESTION
Front
______________ is when there is a sustained increase in the general price level of goods and services in an economy over a period of time.
Back
Inflation
3.
FLASHCARD QUESTION
Front
______________ is when People who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included.
Back
Unemployment
4.
FLASHCARD QUESTION
Front
______________ is when the total value of goods produced and services provided in a country during one year.
Back
Gross Domestic Product
5.
FLASHCARD QUESTION
Front
When an automobile factory emits pollution into a river is called ______________.
Back
A negative externality
6.
FLASHCARD QUESTION
Front
When a city builds a subway stop to a subdivision that has not been completed yet is called __________________.
Back
A positive externality
7.
FLASHCARD QUESTION
Front
What causes demand-pull inflation? Options: Decrease in consumer spending, Increase in production costs, Demand for goods and services surpasses their supply, Decrease in the money supply
Back
Demand for goods and services surpasses their supply
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