What is Australia's target rate of GDP growth?
Year 10 Economics Quiz

Quiz
•
Social Studies
•
10th Grade
•
Medium

Bree Marzec
Used 32+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1 - 1.5%
2 - 2.5%
3 - 4%
4 - 5%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Australia's target rate of inflation?
1 - 2 %
2 - 3%
4 - 4.5%
Above 5%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current cash rate in Australia?
0.10%
0.01%
1.00%
1.10%
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
If GDP is high, then...
Unemployment will be high
Unemployment will be low
Inflation will be low
Inflation will be high
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP that has been adjusted for inflation, is known as:
Fake GDP
Nominal GDP
GDP per capita
Real GDP
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the most correct definition of inflation?
The increase in prices paid for goods and services over a period of time (usually yearly).
The Consumer Price Index.
The total market value of all final goods and services produced in a country during a given period of time (usually a year).
The total number of people in the labour force.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the most correct definition of GDP?
The increase in prices paid for goods and services over a period of time (usually yearly).
The Consumer Price Index.
The total market value of all final goods and services produced in a country during a given period of time (usually a year).
The total number of people in the labour force.
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