What is the branch of economics concerned with individual areas of economic activity?
GDP 2 Quiz

Quiz
•
Social Studies
•
University
•
Hard
Анастасия Быстрова
Used 2+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
International Economics
Microeconomics
Macroeconomics
Behavioral Economics
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which department in the United States computes the GDP?
Department of Commerce
Department of State
Department of Treasury
Department of Labor
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula used to calculate the components of GDP?
Y = C + I + G + X
Y = C - I + G + X
Y = C + I + G - X
Y = C + I - G + X
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which economic indicators rise or fall just before a major change in economic activity?
None of the above
Lagging economic indicators
Coincident economic indicators
Leading economic indicators
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of the earnings-and-cost approach in determining GDP?
Account for all money received for the production of goods and services
Measure total value of money spent on goods and services
Calculate the flow-of-product approach
Estimate the consumer spending
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the GDP measure?
Total land area of a country
Total number of businesses in a country
Monetary value of finished goods and services manufactured within a country
Total population of a country
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the GDP formula Y = C + I + G + X stand for?
GDP = Consumption + Investment + Government + Net Exports
GDP = Consumption + Investment + Government - Net Exports
GDP = Consumption - Investment + Government + Net Exports
GDP = Consumption + Investment - Government + Net Exports
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