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Economic Indicators

Authored by Felicia Johnson

Business

7th - 8th Grade

Used 59+ times

Economic Indicators
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is consumer spending an important economic indicator?

can be an indicator for an individual business’s economic growth

consumer spending is not an economic indicator

Consumer spending tells how much a person makes

Consumer spending can be an indicator for what company a persons works for.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

As the supply quantity of a product increases the prices

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

As the demand for a product increases the price

stays the same

decrease

increase

changes by 10 points

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Surplus is

when a product is produced in larger quantities than it is demanded

when a product is demanded in larger quantities than is produced

too much food in the grocery store

When my bank account is full

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shortage is

when a product is demanded in larger quantities than is produced

when a product is produced in larger quantities than it is demanded

When too much food is in the grocery store

When my bank account is full

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Supply and Demand Equilibrium is

when the quantity of a product supplied matches the quantity demanded

can be found at the point where the demand curve meets the supply curve

at this point, the producer and the consumer are satisfied with the price of the product and the amount produced

part of the human brain

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Employee Productivity can be increased by

furnishing new equipment or facilities to support better efficiency

arranging for more training or financial incentives

decreasing employee ratio and giving more responsibilities to remaining employees

asking the employees what to do

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