Unit 2 Exam Revisions

Unit 2 Exam Revisions

12th Grade

18 Qs

quiz-placeholder

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Unit 2 Exam Revisions

Unit 2 Exam Revisions

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Shannon Lane

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18 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 2 pts

Distinguish between Microeconomics and Macroeconomics

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 2 pts

Describe two examples of the investment component of GDP

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

Identify the GDP formula.

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OFF

4.

OPEN ENDED QUESTION

3 mins • 2 pts

Explain how the money flow from government to firm in the circular flow model?

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OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money flows from households to foreign economies when households pay for exports

True

False

6.

OPEN ENDED QUESTION

3 mins • 2 pts

Explain the likely effect of Country A's consumption, government spending and exports component of GDP if the trading partners are having a recession.

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

List the three limitations of GDP as a measurement of economic well-being.

Evaluate responses using AI:

OFF

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