What is the primary measure of economic activity in a country?

Economic Activity and Growth Concepts

Passage
•
Other
•
11th Grade
•
Hard

Mark Dolan
FREE Resource
42 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross National Income (GNI)
Disposable Income
Gross Domestic Product (GDP)
Net National Product (NNP)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does nominal GDP represent?
The total income of citizens
The value adjusted for inflation
The value of goods/services produced in a year
The total savings in an economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an injection in the circular flow of income?
Increased imports
Increased savings
Increased taxation
Increased government spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a leakage in the circular flow of income?
Increased government spending
Increased savings
Increased investment
Increased exports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the expenditure approach to calculating GDP include?
Only exports and imports
Consumption, investment, government spending, and net exports
Only government spending
Only consumption and investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in the income approach to calculating national income?
Wages from labor
Rent from land
Interest from capital
Government spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating nominal GDP using the expenditure approach?
GDP = C + I - G + (X - M)
GDP = C + I + G + (X - M)
GDP = C - I + G + (X + M)
GDP = C + I + G - (X + M)
Create a free account and access millions of resources
Similar Resources on Quizizz
43 questions
Budgeting for Business

Passage
•
10th Grade - University
31 questions
Reagan Era Policies and Events

Passage
•
12th Grade
41 questions
Government and Its Functions: Purposes 1-3

Passage
•
11th Grade
41 questions
Principles of Accounting: Closing Entries

Passage
•
10th Grade - University
35 questions
Introduction to Economics

Passage
•
10th Grade
41 questions
Cash Flow Statement for Beginners

Passage
•
10th Grade
38 questions
Language Comprehension and Analysis

Passage
•
12th Grade
41 questions
Financial Statements and Analysis Concepts

Passage
•
10th Grade - University
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade