TEST_The American Economy

TEST_The American Economy

9th - 12th Grade

20 Qs

quiz-placeholder

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TEST_The American Economy

TEST_The American Economy

Assessment

Quiz

History

9th - 12th Grade

Practice Problem

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a service?

A.a mobile phone

B.a book

C.a haircut

D.a loaf of bread

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

China is the world's largest national economy.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making goods and providing services create ________ for individuals in the economy.

A.GDP

B.market value

C.income

D.factors of production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an entrepreneur?

A.a waiter

B.a chef

C.a restaurant critic

D.a restaurant owner

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Gross Domestic Product measures the value of __________________.

A.all intermediate goods sold in a specific country

B.all goods and products sold during a specific year

C.all final products produced in a country during a specific year

D.all products produced in a country during a specific year

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an intermediate good?

A.a computer chip

B.a book

C.a greeting card

D.a water bottle

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which transaction is counted in the GDP?

A.the sale of a two-year-old car between private parties

B.cooking a large dinner for your family

C.the purchase of fabric by a furniture manufacturer

D.the purchase of a computer mouse pad from a store

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