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5 Written questions

4 Multiple choice questions

  1. level of lifestyle. Shows wealth, material goods, services, necessities, and relative level of comfort that a population has.
  2. per person
  3. total value of all goods and services bought and sold in a year.
  4. total amount spent on healthcare by a country.

4 True/False questions

  1. Inflation ratepercentage 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.


  2. Expendituresspending of money.


  3. Economywealth and resources of a country in relation to production and consumption of goods and services.


  4. Unemployment ratepercent of the population in a country that is without a job.