5 Written questions
4 Multiple choice questions
- The amount a country spends on education
- spending of money.
- level of lifestyle. Shows wealth, material goods, services, necessities, and relative level of comfort that a population has.
- 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.
4 True/False questions
Imports → total amount of goods and services brought into a country from another country for sale.
Developing nation → a country with a weak economy and a low standard of living
Economy → total amount of goods and services brought to a country from another country for sale.
Gross Domestic Product → percent of the population in a country that is without a job.