GDP, CPI

GDP, CPI

12th Grade

15 Qs

quiz-placeholder

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GDP, CPI

GDP, CPI

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Tricia-Ann Mcintosh

Used 134+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can be used to measure standard of living?

GDP

GNP

CPI

PPI

GDP per capita

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a final product in a bakery?
Cake
Flour
Eggs
Sugar

3.

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

4.

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

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Each individual on food stamps in Delaware can receive up to $194 a month. Is this included in government spending?

Yes - Government spending

Yes - Consumer Spending

No - Intermediate Goods

No - Transfer payment

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best measurement of a country's living standard?

Nominal GDP

Real GDP

GDP per capita

Real GDP per capita

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total value of all final goods and services produced in the economy calculated using the prices of a selected base year?

Nominal GDP

Real GDP per capita

Real GDP

GDP per capita

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