Unit 5 Quiz

Unit 5 Quiz

12th Grade

13 Qs

quiz-placeholder

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Unit 5 Quiz

Unit 5 Quiz

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Amber Soofi

Used 5+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four phases of the business cycle?

Expansion, Peak, Contraction, Trough

Introduction, Growth, Maturity, Decline

Start, Middle, End, Restart

Boom, Bust, Recovery, Recession

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Does Nominal GDP take inflation into consideration?

Yes

No

Only in certain conditions

Depends on the country

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Does Real GDP take inflation into consideration?

Yes

No

Only in certain conditions

Depends on the country

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following goods would not be counted towards a country’s GDP?

A car manufactured domestically

A loaf of bread sold in a local store

A used car sold privately

A new smartphone produced locally

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The pie chart below gives information on the GDP of the United States in 2022. Based on the data, which of the following makes up the smallest percentage?

Goods sold to other countries.

Consumer spending on final goods.

Goods bought from other countries.

Business spending on new factories and machinery.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes investment spending?

Spending by businesses on new factories and machinery.

Buying stocks and bonds to add to your portfolio.

Going to college to invest in your education.

Spending on new factories and machinery by the government.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is unemployment rate calculated?

(Unemployed / Population) x 100

(Unemployed / Labor Force) x 100

(Labor Force / Population) x 100

(Population / Unemployed) x 100

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