GDO Quizziz

GDO Quizziz

12th Grade

15 Qs

quiz-placeholder

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GDO Quizziz

GDO Quizziz

Assessment

Quiz

History

12th Grade

Practice Problem

Medium

Created by

Miguel Torres

Used 3+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When GDP is steadily increasing, it usually means the economy is producing at a ____________________ capacity over time.

higher

lower

constant

decreasing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in GDP? GDP Formula: ____________________ + I + G + NX.

C

M

X

T

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumption (C): the prices of all _______________ goods and services purchased by consumers; biggest portion of GDP.

final

intermediate

raw

unfinished

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Note: ____________________ goods are NOT included in GDP. These are goods that go into a finished product, such as rubber going into car tires or graphite going into a pencil.

intermediate

final

capital

consumer

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

money businesses have spent on ____________________ goods (buildings, machines, etc.) AND any unsold goods that were produced that year.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The buying and selling of ____________________ is not included in GDP because the business spends money it makes from the stock market on investing in their growth.

stocks

real estate

bonds

commodities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Does not include ____________________ as that transfers money from one check to another.

transfer payments

bank deposits

cash withdrawals

credit card payments

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