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Pre Test 4

Authored by Andrea Camargo

Social Studies

University

Used 508+ times

Pre Test 4
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Gross Domestic Product measured in current prices describes what?

Real GDP

Current GDP

Nominal GDP

Total GDP

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As real GDP increases, what else increases?

Nominal GDP

Employment

Unemployment

Business

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a final product in a bakery?

Cake
Flour
Eggs
Sugar

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An airline buying a plane belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

Consumption Expenditures
Investment Expenditures
Government Expenditures
Net Imports

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cars, TVs, computers belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

Consumption Expenditures
Investment Expenditures
Government Expenditures
Net Imports

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tanks and roads belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

Consumption Expenditures
Investment Expenditures
Government Expenditures
Net Imports

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does X represent in calculating net imports?
X-M

Imports
Exports
Expenditures
None of the Above

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