WorksheetsЭкономическая активность
Total questions: 30
Worksheet time: 15mins
What is the name of the chapter dedicated to measuring a country's income?
Chapter 23
Chapter 15
Chapter 10
Chapter 5
What assumptions are made in the circular-flow diagram regarding households?
Households spend all their income and buy all goods and services.
Households produce all goods and services.
Households pay wages, rent, and profit to resource owners.
Households sell factors of production in the markets.
What do firms do according to the assumptions of the circular flow model?
Firms pay wages, rent, and profits to resource owners.
Firms buy all goods and services.
Firms spend all their income.
Firms sell factors of production to households.
What does the Circular-Flow Diagram show in economics?
Interaction between firms and households through markets for goods, services, and factors of production
Only the movement of goods between countries
Only the distribution of profits among firms
Only government expenditures
What do market prices reflect in the context of GDP?
Cost of goods
Quantity of goods
Quality of services
Inflation rate
What goods are included in the calculation of GDP?
All goods produced in the economy and legally sold in the markets
Only goods produced and consumed at home
Only goods produced and sold illegally
All goods, regardless of the method of sale
What types of goods and services are accounted for in the measurement of GDP?
Only tangible goods
Only intangible services
Tangible goods and intangible services
Only exported goods
What does "G" stand for in the formula for GDP components?
Government purchases
Consumption
Investments
Net exports
Which of the following services relates to the "Consumption" component?
Education expenses
Purchase of new housing
Road construction
Purchase of stocks
What exception exists for the "Consumption" component in GDP?
Purchase of new housing
Purchase of food products
Purchase of clothing
Purchase of communication services
Which expenses are NOT included in government purchases (G) when calculating GDP?
Transfer payments
Expenditures on goods and services
Gross investments
Expenditures of local authorities
What does the indicator "net exports" (Net exports, NX) in the GDP composition mean?
NX = Exports - Imports
NX = Imports - Exports
NX = Exports + Imports
NX = Imports / Exports
What is import in the context of GDP components?
Residents' expenditures on foreign goods
Foreigners' expenditures on goods produced domestically
Production of goods for export
Domestic investments
What was the GDP per capita in the USA in 2015?
$55,822
$38,218
$9,919
$1,657
What share of the US GDP was accounted for by consumption in 2015?
68%
50%
80%
30%
Which component of the US GDP had a negative value in 2018?
Net exports (Net exports, NX)
Consumption (Consumption, C)
Investment (Investment, I)
Government purchases (Government purchases, G)
What does the term "inflation" mean?
Increase in the overall price level in the economy
Decrease in the overall price level in the economy
Increase in the production of goods
Decrease in the unemployment rate
Select the correct formula for calculating inflation in the second year:
(GDP deflator in year 2 - GDP deflator in year 1) / GDP deflator in year 1 × 100
(GDP deflator in year 1 - GDP deflator in year 2) / GDP deflator in year 2 × 100
(GDP deflator in year 2 + GDP deflator in year 1) / 2 × 100
GDP deflator in year 2 / GDP deflator in year 1 × 100
How did the real GDP of the US economy change from 1965 to 2015?
Increased by more than four times
Decreased by half
Remained at the same level
Increased by 10%
What happens to real GDP during a recession?
Real GDP increases
Real GDP remains unchanged
Real GDP decreases
Real GDP doubles
What does the graph in Figure 2 show?
Data on real GDP in the USA since 1965, including periods of recession.
Data on unemployment in the USA since 1965.
Data on nominal GDP in the USA since 1965.
Data on population growth in the USA since 1965.
In what units is real GDP measured on the graph?
In billions of dollars of 2012.
In billions of dollars of 2020.
In billions of euros.
In billions of rubles.
From which year does the data on the graph of the real GDP of the USA start?
From 1965.
From 1950.
From 1980.
From 2000.
What does the abbreviation GDP (ВВП) mean in economics?
Gross Domestic Product
Gross External Product
Global Currency Indicator
Internal Currency Rate
What can be the result of a higher GDP?
Better healthcare and education systems
Increase in unemployment
Decrease in quality of life
Reduction in government spending
What aspect of income distribution does GDP reflect?
GDP does not say anything about income distribution.
GDP fully reflects income distribution.
GDP only takes into account the income of the rich.
GDP only takes into account the income of the poor.
What indicators are worse in poor countries with low GDP per capita?
Life expectancy, literacy, and internet usage
Inflation rate and export of goods
Access to clean water and level of urbanization
Number of cars per capita
Which statement is true for countries with low GDP per capita?
Fewer school-age children actually attend school
More children receive higher education
More children have access to the internet
Fewer children suffer from malnutrition
Which of the following statements is NOT a consequence of low GDP per capita?
More televisions
Fewer phones
Fewer paved roads
Fewer households with electricity
In which country is the average life expectancy 54 years?
Nigeria
Indonesia
Pakistan
Brazil
