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Chapter 2: Economic Indicators and Measurements

Authored by Allen Stolte

Business

9th - 12th Grade

Used 5+ times

Chapter 2:  Economic Indicators and Measurements
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11 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total dollar value of all final goods and services produced in a country during one year

GDP

GDP per Capita

Unemployment Rate

Productivity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Refers to salaries and wages as well as investment income and government payments to individuals.

GDP

Personal Income

GDP per Capita

Productivity

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Also called output per person.  It is calculated by dividing GDP by the total population.

GDP

GDP per Capita

Unemployment Rate

Personal Income

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The portion of the people in the labor force who are not working.

Unemployment Rate

Productivity

Unions

Human Resources

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The production output in relation to a unit of input, such as a worker.


GDP

GDP per Capita

Productivity

Unemployment Rate

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The sales of durable and nondurable goods bought by consumers


Productivity

Retail Sales

Sale of goods

Sale of Sales

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The movement of the economy from one condition to another and back again

The unicycle

The Business Cycle

The Bicycle

The Business Trend

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