Economics Concepts Quiz

Economics Concepts Quiz

12th Grade

116 Qs

quiz-placeholder

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Economics Concepts Quiz

Economics Concepts Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Meagan Paulse

Used 1+ times

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116 questions

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1.

OPEN ENDED QUESTION

1 min • 2 pts

The spending that consumers must make even if they have no disposable income/ The consumption spending that occurs when income levels are zero

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2.

OPEN ENDED QUESTION

1 min • 2 pts

A year with very small price changes or price fluctuations. The current base year used by the Reserve Bank is 2015

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

1 min • 2 pts

Used when calculating GDP according to the production method. Represents the production costs of firms

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OFF

4.

OPEN ENDED QUESTION

1 min • 2 pts

Long-term funds are borrowed and saved here by consumers and business enterprises. The market for long-term financial instruments, for example, bonds, shares

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

1 min • 2 pts

A continuous flow of spending, production,on and income between different sectors

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

1 min • 2 pts

An economy that has no foreign sector as a participator

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

1 min • 2 pts

Total spending on final goods and services by individuals and households

Evaluate responses using AI:

OFF

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