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WorksheetsRecession and Indicators
Total questions: 12
Worksheet time: 24mins
Which of the following typically increases during a recession?
Unemployment
Average income
Production
Stock prices
GDP is the total value of goods and services that are _______
produced all over the world
produced in one month
produced within a nation
produced by a single company
A period of temporary economic decline is generally identified by a fall in the GDP in two successive quarters.
TRUE
FALSE
inflation is a general (a) in prices and fall in the purchasing value of money.
Select 2 features of a recession
High Unemployment
Higher Standard of Living
Higher Wages
Negative Growth
A recession is how many consecutive periods of negative growth?
5 years
3 weeks
1 month
2 quarters
When Gross Domestic Product is rising, it is an indication of economic growth.
TRUE
FALSE
A recession typically lasts longer than a depression.
True
False
GDP is a good indicator for the health of a country's economy?
True
False
GDP is an acronym for
Gross Daily Product
Great Depression Plan
Gross Domestic Product
Economic indicators are used to analyze _______ and the economy’s _______
expenses / direction
trends / performance
All economic indicators are reported once a year
TRUE
FALSE
