#1
Which of the following is not considered an economic indicator?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Company's Net Profit
#2
What does GDP stand for?
Gross Domestic Profit
Gross Domestic Product
General Domestic Production
General Domestic Profit
#3
What does the term 'trade balance' represent in economics?
The difference between exports and imports of goods and services
The difference between revenue and expenses of a company
The difference between investment and savings in an economy
The difference between government spending and taxation
#4
Which of the following is a measure of the total market value of all final goods and services produced in a country in a given period?
Gross National Product (GNP)
Net Domestic Product (NDP)
Gross Domestic Product (GDP)
National Income (NI)
#5
Which of the following is a measure of the average level of prices in an economy?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Gross National Product (GNP)
#6
Which economic indicator measures the average change in prices over time of a fixed basket of goods and services?
Gross Domestic Product (GDP)
Inflation Rate
Consumer Price Index (CPI)
Unemployment Rate
#7
How is productivity typically measured in economics?
By dividing output by input
By adding output and input
By subtracting output from input
By multiplying output by input
#8
What does the term 'productivity growth' indicate?
Increase in the number of products manufactured
Increase in the quality of products
Increase in the quantity of goods produced per unit of input
Increase in the total revenue of a company
#9
Which economic indicator measures the percentage of the total labor force that is unemployed but actively seeking employment?
Inflation Rate
Consumer Price Index (CPI)
Unemployment Rate
Labor Force Participation Rate
#10
Which of the following economic indicators reflects the total value of goods and services produced by a country's residents, regardless of location?
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net Domestic Product (NDP)
National Income (NI)
#11
Which of the following is an example of a leading economic indicator?
Unemployment Rate
Gross Domestic Product (GDP)
New Housing Starts
Inflation Rate
#12
What is the term used to describe the total value of goods and services produced within a country's borders in a specific time period, regardless of the nationality of the producers?
Net National Product (NNP)
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net Domestic Product (NDP)
#13
Which economic indicator measures the total value of all goods and services produced within a country's borders, regardless of who owns the production facilities?
Gross National Product (GNP)
Gross Domestic Product (GDP)
Net Domestic Product (NDP)
National Income (NI)
#14
Which economic indicator measures the total value of all final goods and services produced by a country's residents, regardless of the location of production?
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net Domestic Product (NDP)
National Income (NI)
#15
What does the term 'output per capita' signify?
The total output of an economy
The output per unit of input
The output per person
The output per household