Macro #1: GDP
Authored by Nicholas Covington
Social Studies
10th - 12th Grade
Used 86+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of large-scale economic factors dealing with the economy of a nation, region, or of the world as a whole is called:
Microeconomics
Macroeconomics
GDP
Supply & demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No single economic measure is sufficient to diagnose the health of an economy:
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP is a macroeconomic tool which measures:
The dollar value of all final goods and services produced within a country’s borders in a given year
the percentage of unemployed workers in the total labor force.
a general increase in prices and fall in the purchasing value of money.
the average period that a person may expect to live.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP stands for:
gross domestic product
general domestic production
George Da President
good dinner pizza
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The GDP of the United States is the __________ in the entire world at >$21 trillion.
highest
lowest
dumbest
best smelling
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of these is NOT a limitation of GDP as an economic health measure?
Government spending
Nonmarket activity
Underground economy
Quality of life
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
SELECT ALL THAT APPLY: Which of the following are other measures of economic health?
Stock market
Inflation & affordability
Unemployment
Consumer spending
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