Unit 2: Macroeconomics Review

Unit 2: Macroeconomics Review

Assessment

Flashcard

History

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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21 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is GDP per capita?

Back

The total GDP divided by the nation's population

2.

FLASHCARD QUESTION

Front

Which of the following is excluded from the GDP?
Export sales,
Second hand sales,
Consumer Spending,
Government Spending

Back

Second hand sales

3.

FLASHCARD QUESTION

Front

What is the difference between Current GDP and Real GDP?

Back

Current GDP is the GDP right now and not adjusted for inflation, while Real GDP is the GDP adjusted for inflation.

4.

FLASHCARD QUESTION

Front

What does Gross National Product (GNP) include that GDP does not?

Back

The market value of goods and services produced by labor and property supplied by U.S. residents, including production outside of U.S. borders

5.

FLASHCARD QUESTION

Front

How often is the U.S. Census Bureau's population count conducted?

Back

Every 10 years

6.

FLASHCARD QUESTION

Front

What could be a consequence of population growth being too slow?

Back

Labor shortages

7.

FLASHCARD QUESTION

Front

What does the Dependency Ratio measure?

Back

The number of children/elderly per 100 working age people

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