Unit 2 Exam Revisions
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Unit 2 Exam Revisions
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Shannon Lane
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18 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 2 pts
Distinguish between Microeconomics and Macroeconomics
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2.
OPEN ENDED QUESTION
3 mins • 2 pts
Describe two examples of the investment component of GDP
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Identify the GDP formula.
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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.
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OFF
7.
OPEN ENDED QUESTION
3 mins • 1 pt
List the three limitations of GDP as a measurement of economic well-being.
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OFF
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