GDP/Unemployment/Inflation Review
Quiz
•
History, Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Marissa Forget
Used 734+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best measure of a nation's standard of living?
real GDP per capita
population growth
savings
national income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Real GDP
distorts the price level in the GDP
expresses GDP in constant prices
measures only intermediate goods
is another term for GNP
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the following is included in GDP?
an intermediate good
a service produced and used in another country
a fish that you catch and eat yourself
a fish that you buy at a store
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a farm worker loses his job after the harvest, it is an example of
Frictional unemployment
Seasonal unemployment
structural unemployment
cyclical unemployment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement describes full employment?
Everybody who wants a job has a job
There is no unemployment at all
There is no cyclical unemployment
There is no structural unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A general increase in prices is called
inflation
purchasing power
the CPI
a price index
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who underemployed
no longer look for work
work part time or at jobs that are below their skills
are the same as unemployed workers
experience only frictional employment
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