GDP & Unemployment
Authored by Brad Poock
Social Studies
12th Grade
Used 13+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would NOT be counted in the US's GDP?
A used car your grandfather sold you
You buy a new pair of shoes online
A business buys tires to resell
A city government's spending on a new park
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the 4 categories of GDP would this scenario fit in to?
A mechanic fixes a car transmission
Consumer expenditure
Net exports
Government spending
Investment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the 4 categories of GDP does this scenario fall into?
A business purchases computer software and tablets for their employees
Consumer expenditure
Investments
Government spending
Net exports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the 4 categories of GDP does this scenario fall into?
A local library purchases new audiobooks
Government spending
Net exports
Consumer expenditure
Investments
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a category of GDP?
Government spending
Domestic labor
Investment
Net exports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economy of Fruitland only produces 2 goods. Calculate their GDP using the following information. This year, they produced 25 bushels of apples and 37 bushels of pears. If each bushel sells for $100, what is Fruitland's GDP?
2500
1200
6200
3700
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would be counted in the US's GDP?
A car produced in Korea by an American car company
Your aunt pays you to babysit your cousin
A French company based in the US makes frozen pastries
A business buys ingredients to make canned soups
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