Economy Quiz 1 Revision

measures the monetary value of final goods and services produced by the country annually.

• Gross Domestic Product (GDP)

• Industry

• Income

• Salary

a person who buys goods and services.

• Consumerism

• Consumer

• Industry

• Charity

The idea of increasing the consumption/use of goods and services increases a person’s well-being and happiness.

• Consumerism

• Consumer

• Industry

• Charity

the act of putting money, time, and effort into a business to make profit.

• GDP

• Consumerism

• Investments

• Charity

the state of having few material possessions (things:  food, clothes, electronics, etc.) or very little income.

• Consumer

• Consumerism

• Industry

• Poverty

basic rights and freedoms that belong to every person in the world, from birth until death.

• Human rights

• Animal rights

• Industry

• None of the answers.

the companies that are involved with in the production of goods and sales.

• Gross Domestic Product (GDP)

• Industry

• Income

• Salary

the act of cutting down trees and fauna.

• Re-planting

• Uprooting

• Deforestation

• All of the answers.

the job or source of income that gives you money and the things that you need.

• Livelihood

• Consumer

• Consumerism

• GDP

an organization that is set up to provide help and raise money for the less fortunate.

• GDP

• Consumerism

• Investments

• Charity