Economics Quiz

Economics Quiz

10th Grade

13 Qs

quiz-placeholder

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Economics Quiz

Economics Quiz

Assessment

Quiz

Financial Education

10th Grade

Medium

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Gross Domestic Product (GDP) measure?

The total value of goods and services produced

The percentage of the labor force seeking work

Changes in the price level of consumer goods

The amount of money in circulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic indicator is used to assess inflation?

Gross Domestic Product (GDP)

Consumer Price Index (CPI)

Unemployment Rate

Interest Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a cause of unemployment according to the study guide?

High consumer spending

Structural, cyclical, or frictional issues

Increased investment

Technological advancement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which phase of the business cycle does GDP fall?

Expansion

Peak

Contraction

Recovery

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one strategy for achieving national economic goals?

Increasing tariffs

Implementing fiscal and monetary policies

Reducing education funding

Limiting trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the nation's financial system?

To increase taxes

To manage risk and support investments

To reduce inflation

To control unemployment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of expansionary fiscal policy?

Increasing taxes

Reducing government spending

Cutting taxes to reduce unemployment

Raising interest rates

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