GDP and Economic Indicators Quiz

Which of the following is NOT part of GDP calculation?

• Investment

• Government spending

• Net exports

• Household chores

Nominal GDP measures production at:

• Constant prices

• Base-year prices

• Current prices

• Future prices

Real GDP is corrected for:

• Taxes

• Imports

• Inflation

• Interest rates

The GDP deflator helps measure:

• Exchange rates

• Price level changes

• Employment rate

• Income inequality

Which of the following is a final good?

• Flour used by a bakery

• Sugar used in tea

• A sandwich bought by a customer

• Bread sold to a café

Which of these statements about GDP is true?

• GDP measures happiness

• GDP includes underground economy

• GDP shows total income and expenditure

• GDP includes non-market work

A hotel in Jeddah imports luxury furniture from Italy worth SAR 2 million. How does it affect Saudi GDP?

• GDP increases

• GDP decreases

• No effect

• GDP doubles

The Saudi government builds a new airport. This is counted under:

• Consumption

• Government spending

• Net exports

• Investment

A Saudi car company buys tires from a local factory to assemble new cars. Is this included in GDP?

• Yes, because it’s a business expense

• No, because it’s an intermediate good

• Yes, under investment

• Only partially