GDP and Unemployment Quiz
Authored by John Williams
Social Studies
12th Grade
Used 3+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP means...
Gross Domestic Product
Gross Development Product
General Domestic Product
General Development Product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is GDP calculated?
GDP = C + I + G + (X - M)
GDP = C + I + G
GDP = C + I + G + X
GDP = C + I + G + M
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "C" stand for when calculating GDP?
Consumer Spending
Consumer Investment
Contraction
Government Consumption
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "I" stand for when calculating GDP?
Idle Resources
Investment (businesses)
Consumer Saving
Government Saving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "G" stand for when calculating GDP?
Gross
Government Spending
Government Saving
Gains towards investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "(X - I)" refer to when calculating GDP?
Domestic Product
Government Spending
Consumer Spending
Net Exports
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unemployment is defined as:
The state of being employed and looking for another job
A person actively seeking work because they don't have a job
The state of being retired
When someone only works part-time
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