Unit 6 Economics Review

Unit 6 Economics Review

12th Grade

•

50 Qs

quiz-placeholder

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Unit 6 Economics Review

Unit 6 Economics Review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Practice Problem

•

Easy

Created by

Joseph Vince

Used 26+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP measures which of the following?

The total value of goods and services produced in a country

The total population of a country

The average income of citizens

The amount of money in circulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP per capita shows:

the average economic output per person in a country

the total population of a country

the total value of exports in a country

the amount of money in government reserves

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The unemployment rate is defined as:

The percentage of the labor force that is unemployed and actively seeking work.

The total number of people employed in a country.

The percentage of people who are not looking for work.

The number of job openings in the economy.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation affects purchasing power in which of the following ways?

It decreases purchasing power.

It increases purchasing power.

It has no effect on purchasing power.

It doubles purchasing power.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inflation rate is an important indicator because:

it reflects changes in the cost of living and purchasing power.

it measures the unemployment rate in the economy.

it shows the total value of exports and imports.

it indicates the level of technological advancement.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic health is reflected in GDP growth by:

indicating the overall increase in a country's economic output

showing the decline in population growth

measuring the level of political stability

reflecting changes in weather patterns

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean when GDP is rising but unemployment is also rising?

It may indicate economic growth without job creation.

It means all sectors are booming.

It shows that inflation is decreasing.

It suggests that the economy is in a recession.

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