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Macroeconomics

Authored by Karen Lewis

Social Studies

10th - 12th Grade

Macroeconomics
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In calculating GDP of that sector, we know that the total value added of that sector is .......

$3.5

$10.0

$15.5

$31.0

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Daffa buys stock $1,000. He has to pay $50 for broker fee. How much can be counted in GDP?

$1000 (only the stock)

$1050 (stock + broker fee)

$0 (neither stock nor broker fee)

$50 (only the broker fee)

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these following example can be counted in GDP?

Your grandmother wins $10 million in the lottery

Company A takeover by purchasing all the assets of Company B

Buy mozzarella cheese to store it as restaurant's inventory

You buy a used copy of this textbook

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Gross National Product minus Net National Product is called ...

Net National Product

Gross Domestic Product

Indirect Tax

Depreciation

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Please calculate Nominal GDP in 2017...

$6.7

$5.1

$8.4

No answers are correct

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

How much Deflator GDP in 2018?

100

123.45

125.37

127.35

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Please calculate economic growth from the data above!

37.13%

33.17%

30.37%

31.37%

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