GDP Study Guide
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Kelsey Borys
Used 1+ times
FREE Resource
Enhance your content in a minute
36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP is measured by which of the following methods and what does it tell us about the economy?
By calculating the total value of goods and services produced, indicating the economic health and size.
By measuring the total population, indicating the demographic trends.
By assessing the total land area, indicating the geographical size.
By evaluating the total number of businesses, indicating the business density.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has a better trade balance?
Country A
Country B
Country C
Country D
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Considering the sales and imports/exports, which country has a higher total economic activity?
Country A
Country B
Country C
Country D
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Whose economy performed better? Why?
Country A's economy performed better because of higher GDP growth.
Country B's economy performed better due to lower unemployment rates.
Country C's economy performed better because of increased exports.
Country D's economy performed better due to technological advancements.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP is:
Gross Domestic Product
Global Domestic Product
General Domestic Product
Gross Development Product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What kinds of expenditures count towards GDP? What counts as a negative?
Consumption, Investment, Government Spending, Net Exports; Imports count as a negative
Only Consumption and Investment; Government Spending and Net Exports count as a negative
Consumption, Government Spending, and Net Exports; Investment counts as a negative
Only Government Spending and Net Exports; Consumption and Investment count as a negative
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is important to measure the success of an economy because:
it helps in assessing the overall health and growth of a nation.
it is a requirement by international bodies.
it is a tradition followed by all countries.
it is a way to compare with other economies.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
33 questions
Jingles and Slogans
Quiz
•
9th - 12th Grade
32 questions
Credit Records and Laws (FL8)
Quiz
•
9th - 12th Grade
32 questions
Customer Service Chapter 2 Review
Quiz
•
9th - 12th Grade
37 questions
Saving (B10)
Quiz
•
9th - 12th Grade
32 questions
Marketing: Chapter 4 Test Review
Quiz
•
9th - 12th Grade
35 questions
US and Int. Trade
Quiz
•
12th Grade
36 questions
TestOut Chapter 1 (minus section 1.4)
Quiz
•
9th - 12th Grade
40 questions
Produktif Manajemen Perkantoran
Quiz
•
12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
