Global MCQ Practice

🌐 Total MCQ
Home > Economics > Macroeconomics > Gdp > Gdp – Quiz 9
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Gdp Quiz 9 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. The gross domestic product is equal to the total _____ of a nation.
2. To measure inflation,
3. What does X represent in calculating net imports?X-M
4. What type of GDP shows the average level of wealth in a country?
5. Total dollar value of all final goods and services produced within a nation in 1 year.
6. After you pay your taxes, the amount of money you have left is called
7. The nation is experiencing an economic downturn (recession) is the reason a person is unemployed
8. Output per person, calculated as real GDP divided by the total population.
9. A business buys new computers for it's office workers from a U.S. computer manufacturer. The value of the transaction would be included in which GDP category?
10. Which industry has been hit hard by tariffs by China
11. Lack of skills is the reason a person is unemployed
12. If a farmer buys a new tractor, it would be an example
13. Military tanks and roads belong in which part of the GDP formula?GDP = C+I+G+Xn
14. Which national income measurement approach considers the returns on the factors of production?
15. You make $ 1000 from a garage sale. Is this included in GDP?
16. What is the formula to discover GDP?
17. Policeman's salary
18. Your friend and you decide to open a snow cone stand. The people you hire to run the stand are examples of which factor of production?
19. Jane loses her job because a new type of software and hardware has been developed that does her job for her
20. US state which harvests the most lobsters
21. If China's GDP was 10 trillion and its population 1.4 billion in 2014, what is the correct way to solve for China's GDP per capita?
22. What are intermediate goods?
23. The term underemployed implies that
24. Rising prices =?
25. In between job is the reason a person is unemployed
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books