Financial Literacy Quiz 3 - Grade 7-9

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* 1. What does GDP stand for?

Great Domestic Produce

Gross Domestic Product

Good Day Premier

Guided Daily Planner

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* 2. What are the top industries that contribute to Canada's GDP?

Real Estate and Construction

Mining

Education

Manufacturing

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* 3. How does Canada calculate its GDP?

Income approach

Value added approach

Expenditures approach

None of the above

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* 4. What is the value of money?

Its purchasing power

It changes based on prices

It equals the quantity of goods and services a unit of money can buy

All of the above

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* 5. Which of the following are Government of Canada programs designed to help people improve their ability to earn money?

CanCode

50-30 Challenge

Apprenticeship incentive grants

Canada Summer Jobs

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* 6. What type of economic system is Canada?

Market Economy

Mixed Economy

Command Economy

Traditional Economy

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* 7. Which of the following are considered post secondary education in Canada?

Apprenticeship

University

College

All of the above

Watch the following video and answer the questions that follow: https://finlit101.ca/en/topic/career-planning

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* 8. After watching the video, what are the top three tips for career planning that resonate with you?

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* 9. What do you see as the benefits of doing an informational interview?

Connecting with someone in the field of your choice

Being introduced to others with similar interests to you

Learning more about the job market

All of the above

Watch this video and answer the questions that follow: https://youtu.be/PEmyJNTraZg

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* 10. As you think about the future of work, what is a certainty?

Automation

Artificial intelligence

Disruption

All of the above

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* 11. What is a universal basic income?

Everyone in a society would earn the same amount of money

Everyone in a society would earn a liveable income

Job sharing would allow for distribution of income

There is no such thing.

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* 12. What does VUCA refer to in the video?

Volatility, Uncertainty, Complexity, Ambiguity

Velocity, Unorthodox, Creativity, Awesomeness

Verve, Unbelievable, Certain, Affable

Volatility, Unconscionable, Callous, Affirming