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Grade 7 Economic Development Unit Review

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

GDP, GDP Per Capita, Life Expectancy, and Inflation Rates are all types of

a)

Computer Data

b)

Economic Indicators

c)

Graphs and Tables

d)

Ways to develop a country

2.

Which country has the World's highest GDP?

a)

China

b)

India

c)

Great Britain

d)

United States of America

3.

What is the life expectancy on Cambodia (2020)

a)

68

b)

69

c)

73

d)

77

4.

What is one reason that can reduce life expectancy in MEDCs?

a)

Education

b)

Natural Disasters

c)

Pollution

5.

What is the average life expectancy of this country?


Person 1: 56 years old


Person 2: 64 years old


Person 3: 60 years old

a)

58

b)

64

c)

60

d)

62

6.

Items that are usually (but not always) tangible, such as pens, salt, apples, and hats and activities provided by other people are known as

a)

Goods and Services

b)

Things and People

c)

Products and Goods

d)

Shops and Services

7.

In prisons in the U.S.A, which common snack is a necessary commodity?

a)

Oreos

b)

Potato Chips

c)

Popcorn

d)

Ramen

8.

The less of something there is, the more expensive/the more of something there is, the less expensive is known as

a)

Goods and Services

b)

Supply and Demand

c)

Hyperinflation

d)

Deflation

9.

Which Economic System is this?


an economic, political, and social system in which property, business, and industry are privately owned, people trying to make the greatest profits

a)

Socialism

b)

Communism

c)

Capitalism

d)

Socialist-Democracy

10.

What does GDP stand for?

a)

Greatest Data Presented

b)

Gross Democratic Product

c)

Gross Domestic Product

d)

Greatest Domestic Product

11.

What data can help us predict whether a population will grow or shrink, and how quickly?

a)

GDP Per Capita

b)

Population

c)

Population Pyramids

d)

Unemployment Rates

12.

GDP Per Capita is

a)

the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

b)

a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population.