Measuring Economic Performance

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6 Questions

Which of the following is used to measure the overall performance of an economy?

What does economic growth refer to?

Which of the following is a characteristic of business cycles?

Which of the following is NOT a component of Gross Domestic Product (GDP)?

What is the term used to describe a period of declining economic activity, characterized by a decrease in GDP, and usually accompanied by a rise in unemployment?

What is the term used to describe a sustained increase in the production of goods and services in an economy over time?

Description

Test your knowledge on measuring the economy's performance with this quiz! Explore topics such as Gross Domestic Product (GDP), economic growth, business cycles, unemployment, and inflation. Challenge yourself and see how well you understand these important indicators of a country's economic health.

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