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GDP Review
By Mr. Yosup Joo
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Last updated almost 3 years ago
5 questions
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Question 1
1.
Write the simple equation that is used to calculate Gross Domestic Product?
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Question 2
2.
_______is the biggest contributer to GDP.
Question 3
3.
Question 4
4.
People always get this wrong. Beware.
What does investment mean in the GDP formula?
Question 5
5.
Why is GDP an important tool for economists?
It shows the strength of the overall economy.
It allows us to track changes over time.
It takes into account household production.
It takes into account used products.
Which type of GDP should be used to make comparisons?
Fake GDP
Read GDP
Nominal GDP
Subprime GDP
Inflationary GDP
Secondary GDP