Year 10 Economics Quiz

Year 10 Economics Quiz

10th Grade

20 Qs

quiz-placeholder

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Year 10 Economics Quiz

Year 10 Economics Quiz

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Bree Marzec

Used 32+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Australia's target rate of GDP growth?

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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