Economic Awareness Quiz

Economic Awareness Quiz

7th Grade

25 Qs

quiz-placeholder

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Economic Awareness Quiz

Economic Awareness Quiz

Assessment

Quiz

Business

7th Grade

Practice Problem

Medium

Created by

Lisa Breuer

Used 28+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the total value of all goods and services produced within a country in a given time period?

Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Inflation
Unemployment Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the difference between a country's exports and imports of goods and services?

Trade deficit
Gross domestic product
Inflation rate
Interest rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the measure of how effectively a country's resources are being used to produce goods and services?

Economic development
Economic growth
Productivity
Gross Domestic Product (GDP)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the percentage change in the average level of prices of goods and services in a country over time?

Inflation
Deflation
Gross Domestic Product
Unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the total value of all final goods and services produced within a country in a given time period, typically a year?

Gross Domestic Product (GDP)
Net Income
Supply and Demand
Consumer Price Index (CPI)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the measure of how efficiently a country's resources are being used to produce goods and services?

Gross Domestic Product (GDP)
Inflation
Unemployment rate
Productivity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the total value of all goods and services produced within a country in a given time period?

Gross Domestic Product
Consumer Price Index
Inflation Rate
Unemployment Rate

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