ch 12 ec test

ch 12 ec test

12th Grade

35 Qs

quiz-placeholder

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ch 12 ec test

ch 12 ec test

Assessment

Quiz

History

12th Grade

Hard

Created by

Ava Holloway

Used 4+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following is not a purpose for collecting national economic data?

  1. To determine the nation's economic progress 

  1. To calculate the appropriate income tax rates

  1. To assess the overall health of the nation's economy

  1. To evaluate the nation's success in international markets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following is designed primarily to be used as an intermediate good?

washing machines

real estate

steel beams

picture frames

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which item would be included as a final good in the GDP?

  1. Trucks that a dealership has not sold at the end of the year

steel slabs purchased by a refrigerator manufacturer

  1. A house purchased by a real-estate investment firm

  1. Vegetables raised in family gardens

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following purchases would not be counted in a nation's GDP?

an apartment

an airline ticket

a designer gown

a Monet painting

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following categories accounts for the largest number of purchases in America?

  1. Consumer services

  1. Consumer durable goods

  1. Consumer nondurable goods

  1. Business investments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which category of the GDP includes furniture?

  1. Consumer services

  1. Consumer durable goods 

  1. Consumer nondurable goods

  1. Business investments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which category of the GDP includes spending on unplanned inventories?

  1. Consumer services

  1. Consumer durable goods

  1. Consumer nondurable goods

  1. Business investments

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