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- 1. Multiple Choice
What is GDP
Gross Domestic Product
Gum Drops Pimples
Gross Domestic Production
Gross Domestic Perception
- 2. Multiple Choice
What is GDP?
The money made from countries you import to
The total value of goods and services produced by a country
The gross domestic product of what you export
How much money there is within the economy
- 3. Multiple Choice
What is the target rate for unemployment
5%-6%
0%
7%-8%
1%-2%
- 4. Multiple Choice
What is the target rate for Economic Growth and Inflation?
10%
2%-3%
4%-5%
8%-9%
- 5. Multiple Choice
If the Australian Government invests in infrastructure it is hoping to do......what?
generate economic growth through the creation of jobs
generate economic growth by encourage consumer spending
win more votes in the next election
stop the country from experiencing economic growth
- 6. Multiple Choice
To boost economic growth, the government could do what?
introduce higher taxes on business owners
introduce tighter regulations or laws on international imports and exports
Provide incentives for people to save money
Provide incentives for people to spend more money
- 7. Multiple Choice
What is wealth?
The money people make
How much money someone has in the bank
The value of someone's belongings
The value of everything a person owns or has saved minus any dents they might have
- 8. Multiple Choice
What is standard of living?
Measures of wellbeing
The total wealth of a country
The degree of wealth and material comfort available to a person
How content someone is with their surroundings
- 9. Multiple Choice
A quantitative measure of human wellbeing is one which:
Is difficult to measure
Is associated with human emotions
Has substantial measurable data
Compares incomes in monetary value
- 10. Multiple Choice
Which of the following statements about human wellbeing is false?
Human wellbeing involves economic, social, political, technological and environmental factors.
Human wellbeing is achieved when people experience a satisfactory quality of life.
Measurements of human wellbeing are based on one index, the ‘Human Development Index’
a. The ‘Global Peace Index’ and ‘Fragile States Index’ provide a measure of human wellbeing across multiple indicators.
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