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Grade 10 Power Up Review

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

The situation in which the available resources are finite whereas wants are infinite is called (a)   .

2.

(a)   is a branch of social science that deals with the distribution of wealth.

3.

Angeline has an exam tomorrow but he chose to sleep instead of reviewing. Reviewing is the (a)   of choosing to sleep.

4.

(a)   is used to measure the income distribution across households and is presented through Lorenz Curve .

5.

In making a business plan, the (a)   represents the business in the form of an image.

6.

Price stability is an essential macroeconomic goal in order to maintain a product’s competitiveness. It is achieved by controlling the sudden increase of prices or decrease of money’s worth or (a)   .

7.

One of the macroeconomic goals is (a)   . This is achieved by keeping a close track of the imports and exports among nations.

8.

What is the GDP of U.S. if their consumption is 650 Million USD, the sum of their investments is 1.5 Billion USD, the government spent 6 Million USD for projects and the net export is -985 Million USD?

(a)  

9.

What do you call the capital or income that exits an economy or system rather than remaining within it; outflow from a circular flow of income model?

a)

Leakages

b)

Injections

c)

Excess

d)

Import

10.

In the Circular Flow of Income, if we will follow the flow in the counterclockwise direction, it shows the money transferred as

a)

a factor of production

b)

payment

c)

leakages

d)

injections