Financial Literacy Quiz 3 - Grades 10-12

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* 1. What is the purpose of GDP per capita?

Know how much each person contributes to the economy

To compare economies around the world

To identify programs to help people be more productive

There is no such thing as GDP per capita

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* 2. Some consider GDP not to be a good measure of how well an economy is doing. Why do you that that is the case?

GDP looks at the size of the economy and not how wealth is distributed

GDP ignores inequality within an economy

GDP can actually go up if there is an environmental disaster

All of the above

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* 3. What are Canada's top exports?

Crude oil, cars and gold

Medications, Cars and gold

Car parts, medications and cars

Space craft, hydro power, and gold

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* 4. Which countries does Canada import the most products from?

United States

China

Germany

Mexico

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* 5. The government provides goods and services in the areas of education, health and defence. What are these goods and services called?

Necessary goods

Public Goods

Taxable goods

Trade goods

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* 6. What is the Human Development Index?

The Human Development Index measures how happy people are

The Human Development Index measure life expectancy, education and standard of living

The Human Development Index measures population health and wealth

There is no such Index

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* 7. What is the role of government in the economy?

Provide a framework, both legal and social, within which the economy operates

Maintains competition

Provide public goods and services

All of the above

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* 8. As a private citizen, what can you do to have an affect on government decisions?

Run for office

Write letters to your representative

Vote

Protesting

Watch the following video and answer the questions that follow: https://www.youtube.com/watch?v=y1t_zfVabe4

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* 9. In your own words, describe globalization.

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* 10. What interdependencies does the video suggest are global?

Water

Climate

Technology

All of the above

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* 11. The video refers to a decoupling of globalization. What does this mean?

Countries will become more self-reliant

Countries will look inwards to satisfy their needs

Supply chain interruptions have caused countries to rethink manufacturing

All of the above

Financial Literacy Quiz 3 - Grades 10-12

Question Title

* 1. What is the purpose of GDP per capita?

Question Title

* 2. Some consider GDP not to be a good measure of how well an economy is doing. Why do you that that is the case?

Question Title

* 3. What are Canada's top exports?

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* 4. Which countries does Canada import the most products from?

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* 5. The government provides goods and services in the areas of education, health and defence. What are these goods and services called?

Question Title

* 6. What is the Human Development Index?

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* 7. What is the role of government in the economy?

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* 8. As a private citizen, what can you do to have an affect on government decisions?

Question Title

* 9. In your own words, describe globalization.

Question Title

* 10. What interdependencies does the video suggest are global?

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* 11. The video refers to a decoupling of globalization. What does this mean?

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* 12. What are some examples of how countries help other other countries?