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Unit 4 Part 1 Review

Authored by Wayground Content

Social Studies

12th Grade

Used 22+ times

Unit 4 Part 1 Review
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market value (currency value) of all final goods and service produced within a nation in a year

Gross Domestic Product (GDP)

Net National Product (NNP)

Gross National Product (GNP)

Consumer Price Index (CPI)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unemployment that occurs as workers change jobs looking for something that they prefer (shortest form of unemployment)

Cyclical unemployment

Structural unemployment

Frictional unemployment

Seasonal unemployment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Point on a business cycle that marks the end of an economic expansion

Trough

Recession

Peak

Recovery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Point in business cycle when GDP starts to increase or grow

Recession

Expansion

Stagnation

Depression

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Target inflation rate

1%

2%

3%

4%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods used to produce final goods/services

Final Goods

Consumer Goods

Intermediate Goods

Raw Materials

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

used to calculate the Consumer Price Index and to compare prices

Market basket

Price index

Cost of living

Inflation rate

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