New Zealand GDP Quiz
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Questions and Answers

Which of the following best represents the Gross Domestic Product (GDP) of New Zealand?

  • $150 billion (correct)
  • $400 billion
  • $200 billion
  • $300 billion
  • What is the approximate GDP of New Zealand in USD?

  • NZD 700 million
  • NZD 500 million
  • NZD 900 million
  • NZD 300 million (correct)
  • Which of the following is closest to the Gross Domestic Product (GDP) of New Zealand in 2021?

  • $350 billion
  • $500 billion
  • $250 billion (correct)
  • $100 billion
  • What is the estimated GDP of New Zealand for the current fiscal year?

    <p>$200 billion</p> Signup and view all the answers

    What does the Gross Domestic Product (GDP) measure?

    <p>The total value of all goods and services produced in a country</p> Signup and view all the answers

    Which of the following factors contribute to the calculation of GDP?

    <p>Consumption, investment, government spending, and net exports</p> Signup and view all the answers

    How does an increase in GDP generally reflect on the economy?

    <p>It indicates economic growth and increased standard of living</p> Signup and view all the answers

    What is the significance of GDP in assessing the economic performance of a country?

    <p>It provides a comprehensive measure of the country's economic activity</p> Signup and view all the answers

    Which of the following is NOT a common measure used to assess the economic performance of a country?

    <p>Government Debt-to-GDP ratio</p> Signup and view all the answers

    What does the Gross Domestic Product (GDP) NOT account for in the calculation of a country's economic output?

    <p>Income inequality within the country</p> Signup and view all the answers

    Which of the following factors is NOT included in the calculation of the Gross Domestic Product (GDP)?

    <p>Social security payments</p> Signup and view all the answers

    How does a decrease in the Gross Domestic Product (GDP) generally reflect on the economy?

    <p>It indicates a shrinking economy and potential recession</p> Signup and view all the answers

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