Economics-15(National Income Statistics)

Economics-15(National Income Statistics)

11th Grade

16 Qs

quiz-placeholder

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Economics-15(National Income Statistics)

Economics-15(National Income Statistics)

Assessment

Quiz

Others

11th Grade

Hard

Created by

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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is national income?

The total expenditure of a country

A measure of a country’s economic activity

A country’s total output

The total amount of money in circulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

National income statistics measure…..

The wealth of individuals in a country

The total output, income, and expenditure of an economy

The number of jobs in a country

The inflation rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do governments use national income statistics?

To determine the price of goods and services

To decide how much tax to collect from citizens

To find out the number of businesses in the country

To measure economic performance and compare with other countries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a government react if an economy is growing at a slower rate?

It introduces policy measures to stimulate the economy

It stops collecting taxes

It reduces public services

It increases interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which international organization uses national income statistics for comparisons?

International Red Cross

FIFA

World Health Organization

United Nations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Gross Domestic Product (GDP) measure?

The total income earned by a country’s residents worldwide

The total value of output produced within a country

The total amount of money spent by a country’s government

The total population of a country

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does “domestic” mean in Gross Domestic Product (GDP)?

Related to international trade

Related to the home economy

Related to government spending

Related to multinational companies

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