
ch 12 ec test
Authored by Ava Holloway
History
12th Grade
Used 4+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a purpose for collecting national economic data?
Which of the following is not a purpose for collecting national economic data?
To determine the nation's economic progress
To calculate the appropriate income tax rates
To assess the overall health of the nation's economy
To evaluate the nation's success in international markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is designed primarily to be used as an intermediate good?
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
Which item would be included as a final good in the GDP?
Which item would be included as a final good in the GDP?
Trucks that a dealership has not sold at the end of the year
steel slabs purchased by a refrigerator manufacturer
A house purchased by a real-estate investment firm
Vegetables raised in family gardens
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following purchases would not be counted in a nation's GDP?
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
Which of the following categories accounts for the largest number of purchases in America?
Which of the following categories accounts for the largest number of purchases in America?
Consumer services
Consumer durable goods
Consumer nondurable goods
Business investments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which category of the GDP includes furniture?
Which category of the GDP includes furniture?
Consumer services
Consumer durable goods
Consumer nondurable goods
Business investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which category of the GDP includes spending on unplanned inventories?
Which category of the GDP includes spending on unplanned inventories?
Consumer services
Consumer durable goods
Consumer nondurable goods
Business investments
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