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GDP Review

Last updated over 2 years ago

5 questions

1

Question 1

1.

Write the simple equation that is used to calculate Gross Domestic Product?

1

1

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Question 2

2.

_______is the biggest contributer to GDP.

Question 3

3.

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.

Question 4

4.

People always get this wrong. Beware.

What does investment mean in the GDP formula?

Question 5

5.

Which type of GDP should be used to make comparisons?

Fake GDP

Read GDP

Nominal GDP

Subprime GDP

Inflationary GDP

Secondary GDP