WorksheetsMr. Fox - Quick Quiz GDP
Total questions: 5
Worksheet time: 3mins
What does Gross Domestic Product (GDP) measure?
a) The total value of all goods and services produced within a country's borders over a specific period.
The total value of all imports and exports of a country.
The total value of all government expenditures.
The total value of all goods and services produced by a country's citizens, regardless of location.
The total value of all goods and services produced within a country's borders over a specific period.
Which of the following is not included in the calculation of GDP?
Government spending on infrastructure.
Consumer purchases of new cars.
The sale of used furniture.
Business investments in new machinery.
Is this counted in the GDP of the US?
Cars made by a Japanese company in California.
Yes
No
The United States has the highest per capita GDP in the world
True
False
Which of the following is not a component of GDP?
Consumption
Investment
Government spending
Transfer payments
