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Chapter 13 Measuring the Economy Quiz

Authored by Sara Standen

Social Studies

9th Grade

Chapter 13 Measuring the Economy Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of inflation?

A decrease in the overall price level

An increase in the overall price level

A stable price level

A decrease in GDP

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP stand for?

Gross Domestic Product

General Domestic Price

Global Domestic Policy

Gross Domestic Price

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the unemployment rate?

The percentage of the labor force that is employed

The percentage of the labor force that is not employed but is actively seeking work

The percentage of the population that is retired

The percentage of the population that is underemployed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a recession?

A period of economic growth

A period of declining national economic activity

A period of stable economic activity

A period of hyperinflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must be true for goods and services to be included in a country's GDP?

They must be produced within the country's borders

They must be exported

They must be imported

They must be produced by American-owned companies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of economic indicators?

To assess a nation's overall economic health

To measure the total land area

To calculate the population growth

To determine the number of businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which component of GDP is the largest according to the diagram?

Business investment

Government purchases

Household consumption

Net exports

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