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GDP Formative A

Authored by Richard Butterworth

Special Education

12th Grade

Used 6+ times

GDP Formative A
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10 questions

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1.

DRAG AND DROP QUESTION

1 min • 1 pt

Media Image

GDP stands for (a)   ​ (b)   ​ (c)  

Gross
Domestic
Product
Government
Diagram
Process

2.

LABELLING QUESTION

1 min • 1 pt

Label the components of GDP

b
c
d
a

Net Exports

Investment

Consumption

Gov. Spend.

3.

DRAG AND DROP QUESTION

1 min • 1 pt

Media Image

Real GDP is adjusted for (a)   .

inflation
local differences
opportunity cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which concept is NOT a goal of macroeconomics?

  1. Striving for Economic Growth

  1. Full Employment

  1. Price Stability

Hyperinflation

5.

DRAG AND DROP QUESTION

1 min • 1 pt

Media Image

Net Exports = (a)   .

Exports - Imports
total of fishing nets
all of the exports added up

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Frank just bought a new truck. Select anything that is a final good from the list below.

The whole truck

The spare tire

The paint

All of the logos

7.

CATEGORIZE QUESTION

3 mins • 1 pt

Media Image

Organize these options into the right categories

Groups:

(a) Included in GDP

,

(b) Not included in GDP

Final Goods

Intermediate goods

DIY

Domestic goods only

Final price

Goods made that year

Raw materials

Used items

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