SS Q3
Authored by Kairo Wareing
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9th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the lesson about macroeconomics?
The rule of 70 formula
The four factors of production
Gross national product
The circular flow of income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four factors of production?
Land, Labor, Capital, Goods
Money, Technology, Services, Products
Natural resources, Entrepreneurs, Human input, Goods
Land, Enterprise, Labor, Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the circular flow diagram used to represent?
The process of growing vegetables
The flow of money in an economy
The measurement of GDP and GNI
The cycle of investment and savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are injections in the circular flow of income?
Expanding the garden by buying more land or tools
Savings and taxes
Buying things from other countries
Selling vegetables to neighbors
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GNP measure?
The income and investment of citizens living abroad
The total market value of goods and services created by all citizens of a particular country
The total expenditure of a country's households
The total income of a country's government
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basis for computing GNP/GNI?
Euro
Pound
Yen
US Dollar
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating GNI/GNP growth rate?
GNI/GNP Growth Rate = (GNI of Current Year - GNI of Previous Year) / GNI of Previous Year
GNI/GNP Growth Rate = (GNI of Current Year - GNI of Previous Year) * 100
GNI/GNP Growth Rate = (GNI of Current Year - GNI of Previous Year) - GNI of Previous Year
GNI/GNP Growth Rate = (GNI of Current Year - GNI of Previous Year) + GNI of Previous Year
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