← Economics Test
5 Written Questions
4 Multiple Choice Questions
- per person
- spending of money.
- total value of all goods and services bought and sold in a year.
- a country with a weak economy and a low standard of living
4 True/False Questions
Health expenditures → total amount spent on healthcare by a country.
Exports → total amount of goods and services brought into a country from another country for sale.
Standard of living → percentage change in the price of goods and services over the course of one year. Generally, as the price of goods rise, the buying power of money falls. This means that goods cost more as time goes on.
Education expenditures → total amount spent on healthcare by a country.