GDP and Economic Indicators Quiz

GDP and Economic Indicators Quiz

University

9 Qs

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GDP and Economic Indicators Quiz

GDP and Economic Indicators Quiz

Assessment

Quiz

Hospitality and Catering

University

Practice Problem

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JTM Malik

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of GDP calculation?

Investment

Government spending

Net exports

Household chores

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nominal GDP measures production at:

Constant prices

Base-year prices

Current prices

Future prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real GDP is corrected for:

Taxes

Imports

Inflation

Interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The GDP deflator helps measure:

Exchange rates

Price level changes

Employment rate

Income inequality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Consumption

Government spending

Net exports

Investment

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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