An increase in output (goods and services) over time with full employment
Unit 3.1 Macroeconomics- GDP, Business Cycle, Unemployment

Quiz
•
Social Studies
•
10th - 12th Grade
•
Medium
Cory McCracken
Used 20+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
stable shortage
stable growth
stable prices
final good
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An important economic indicator that shows the sum (total value) of all final goods and services produced in an economy.
Gross Domestic Product
Full Employment
Inflation
Deflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer Spending is a measurement tool of GDP?
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business Investment is a measurement tool of GDP?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net exports is a measurement of GDP. How do you calculate net exports?
Exports plus imports
Exports minus imports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the GDP of a country?
C-I-GxNX= GDP
CxIxGxNX= GDP
C+I+G+NX= GDP
C-I+G+NX= GDP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage that GDP grows or shrinks over a period of time shows the present and likely future health of the economy.
True
False
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