Economic Performance

Economic Performance

12th Grade

25 Qs

quiz-placeholder

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Economic Performance

Economic Performance

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic indicator measures the total value of all the productivity in a country in one year?

CPI

GDP

Inflation

Unemployment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Gross domestic product (GDP) can be used to

track inflation over one year

measure the quality of life in a country

compare the economies of different countries

accurately show the distribution of wealth in a country

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

GDP can be used to show

strengths and weaknesses in the economy

the value of American goods produced in other countries

the effect of unemployment on the economy

the rise in prices over time

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What kinds of things are hidden by GDP

cost of living

economic growth

life expectancy

pollution

5.

MATCH QUESTION

1 min • 1 pt

Match each economic performance measure to the best definition.

Net National Product​

Person's income minus taxes​

National Income​

Value of final goods and services less the value of capital goods that have become worn out​

Personal Income

Income received by a country’s people from all sources​

Disposable Personal Income​

Market value of all final goods and services produced by a country

Gross National Product​

Total income earned by a nation from the production of goods and services​

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

GDP that is used to measure standard of living.

Nominal GDP

Real GDP

GDP per Capita

GDP

Answer explanation

GDP per capita measure how much gross domestic product is in an economy PER PERSON. This is how we measure standard of living.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How countries measure the value of goods and services they are producing...

GPP

GDP

FBD

TIP

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