Economic Growth and Development

Quiz
•
Business
•
8th - 12th Grade
•
Medium
Karen Lewis
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A measure of wealth, basic needs and material comfort a person has access to
Quality of Life
Economic Growth
Standard of Living
Economic Development
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The degree to which an individual is healthy, comfortable, and able to participate in or enjoy life events
Quality of Life
Economic Growth
Standard of Living
Economic Development
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select all the items that DO NOT determine a country's standard of living and quality of life
Real GDP
Life expectancy
Diet and Nutrition
Freedom and Justice
All of the above are used to determine standard of living and quality of life
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The total value of all final goods and service produced by a country’s citizens
GDP
GNP
GNI
Real GDP
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The total GDP divided by the population of the said country
Real GDP
Nominal GDP
GDP per capita
Ceteris paribus
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This value is adjusted for inflation
Real GDP
Nominal GDP
GDP per capita
Ceteris paribus
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An outward shift in the PPF depicts
Economic Growth
Economic Development
Economic Decline
A recession
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