Gross Domestic Product

Gross Domestic Product

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

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25 questions

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1.

FLASHCARD QUESTION

Front

Dollar value of all final goods and services produced within a country in a given year.

Back

GDP

2.

FLASHCARD QUESTION

Front

Why is real GDP more accurate than nominal GDP?

Back

It's adjusted for price changes.

3.

FLASHCARD QUESTION

Front

What is one limitation of GDP?

Back

It does not measure health and happiness.

4.

FLASHCARD QUESTION

Front

Period of economic expansion followed by a period of economic contraction.

Back

business cycle

5.

FLASHCARD QUESTION

Front

Which of the following are leading indicators? Options: stock prices and external stocks, tax rates and unemployment rates, interest rates and stock prices, tax rates and stock prices

Back

interest rates and stock prices

6.

FLASHCARD QUESTION

Front

Goods, services, and intermediate products produced in other countries.

Back

import

7.

FLASHCARD QUESTION

Front

Goods, services, and intermediate products produced in other countries.

Back

import

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