Evaluating Economic Performance

Evaluating Economic Performance

9th - 12th Grade

12 Qs

quiz-placeholder

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Evaluating Economic Performance

Evaluating Economic Performance

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Patricia White

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which economic indicator measures the total value of all the productivity in a country in one year?

CPI

GDP

Inflation

Unemployment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross domestic product (GDP) can be used to

track inflation over one year

measure the quality of life in a country

compare the economies of different countries

accurately show the distribution of wealth in a country

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What kinds of things are hidden by GDP

cost of living

economic growth

life expectancy

pollution

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP can be used to show

strengths and weaknesses in the economy

the value of American goods produced in other countries

the effect of unemployment on the economy

the rise in prices over time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer price index (CPI) measures

the rise in prices over time

periods of economic growth

the average prices of goods and services

the total value of goods and services that are produced

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does high inflation affect people's spending habits?

They spend their money as quickly as possible

They spend more money

They spend the same amount

They spend less money

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Is inflation good or bad?

Good, because it is a sign of the economy growing due to increased demand

Bad, because shortages of goods are making prices go up

Good, because it means that prices are going down

Bad, because demand has decreased and sales are going down

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