Question 1

The professor says the class is going to be about:

Accepted Answer

Happiness Economics.

Answer

The global economy and how it brings happines to life.

Answer

Economical crisis around the world.

Answer

Economics and the worth of money in life.

Question 2

What is the meaning of GDP?

Accepted Answer

Gross Domestic Product

Answer

Great Demand Products

Answer

Great Donator Products

Answer

Good Domestic Products

Question 3

GDP is all about

Accepted Answer

Consumption and Spending

Answer

Economical income and lifestile

Answer

Consumerism and fast fashion

Answer

Exportation and Importation

Question 4

The GDP theory proposes that

Accepted Answer

The more a country consumes, the better off are its citizens.

Answer

Happiness is related with consumerism.

Answer

Some citizens are capable of buy large amounts of stuff

Answer

The consumerism increases the well being of citizens.

Question 5

What is GDP?

Accepted Answer

Is the market value of all goods and services produced in a country in a one-year period.

Answer

Is the amount of taxes that the citizens pay in a one-year period.

Answer

Is the amount of economical income and investments that a regular citizens do in a one-year period.

Answer

It is the amount of things that an average citizen buys in a year.

Question 6

The Easterlin Paradox states that

Accepted Answer

As a country’s average incomes rises, so does each person’s financial hopes or aspirations.

Answer

As a country’s average incomes rises, so does each person’s financial savings.

Answer

As a country’s average incomes dicreases, so does each person’s financial hopes or aspirations.

Answer

As a country’s average incomes rises, so does each person’s acquisitions.

Related quizzes