Econ- 5.1 Part 1 Formative Assessment- Option 1

Presentation

•

Social Studies

•

11th Grade

•

Practice Problem

•

Hard

Chris Schriever

FREE Resource

9 Slides • 6 Questions

Fill in the Blanks

What is the Most Important economic goal of every country?

Your Answer:

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Audio Response

Record your response to the following response by clicking the button below:

Give 1 example of a topic that is studied in Macroeconomics.

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Match

Match the macroeconomic goal with the specific economic indicator by which it is measured.

Promote Economic Growth

Reach Full Employment

Price Stability

Real GDP Growth Rate

Unemployment Rate

Rate of Inflation

Dropdown

Which component of the expenditures approach to calculating the US’s GDP is:

- Usually negative:

- The fastest growing:

- The largest:

Drag and Drop

Drag the proper response based on whether or not each example is counted or not counted in the US's GDP.

1- The purchase of a new house.

2- A car I purchased that was produced and sold in the US by a Japanese company.

3- A box of German chocolate, sold in the US.

4- The steel purchased by Chevy to be used in the production of their trucks.

5- A Ford F-150 produced in Michigan and sold in Brazil.

Drag these tiles and drop them in the correct blank above

Counted under Investment

Counted under Consumption

Not Counted- Import

Not Counted- Intermediate

Counted Net Exports

Counted under Government Spending

Not Counted- Transfer Payments

Not Counted- Household Production

Not Counted- Used Good

Not Counted- Financial Transactions

Drag and Drop

Drag the proper response based on whether or not each example is counted or not counted in the US's GDP.

1- Willy's Mexican Grill purchases new fryers for their chips.

2- The purchase of a new battleship by the US Department of Defense.

3- A box of German chocolate, sold in the US.

4- A plumber's purchase of a 2-year-old truck on Craig's List.

5- My son's purchase of shares of Under Amour stock.

Drag these tiles and drop them in the correct blank above

Counted under Investment

Counted under Consumption

Not Counted- Import

Not Counted- Intermediate

Not Counted- Financial Transaction

Counted under Government Spending

Not Counted- Transfer Payments

Not Counted- Household Production

Not Counted- Used Good

Not Counted- Financial Transactions

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