GDP Basics Quiz

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Test your understanding of GDP concepts.

Miqueilys Bernard

Estados Unidos

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GDP Basics Quiz


GDP Basics QuizVersión en línea Test your understanding of GDP concepts. por Miqueilys Bernard 1 What does GDP stand for? a Gross Domestic Product b General Domestic Power c General Domestic Production d Gross Dual Price 2 Which component is NOT part of GDP expenditure approach? a Government spending b Consumption c Investment d Imports 3 Nominal GDP is measured using what kind of prices? a Deflated prices b Future prices c Current prices d Constant prices 4 Real GDP adjusts for changes in what? a Unemployment b Interest rates c Population size d Price levels 5 Which method estimates GDP by adding up all incomes? a Outlay method b Income approach c Production method d Expenditure method 6 GDP per capita is GDP divided by what? a Labor hours b Number of firms c Area d Population 7 A rising GDP typically indicates what about the economy? a Stagnation b Decline c Growth d Crisis 8 Which of these is a real GDP problem term? a GDP deflator b Inflation gauge c Pain index d Price index 9 Which sector typically contributes to GDP via investment? a Public deficits b Social transfers c Business capital spending d Exports only 10 Which is a limitation of GDP as a welfare measure? a Includes environmental harm b Does not account for inequality c Counts all unpaid work d Measures happiness