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Overview of the Gross Domestic Product Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT included in the calculation of GDP?

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1. Which of the following examples would NOT count toward U.S. GDP?

2. Which of the following usually counts AGAINST a country's GDP?

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About This Quiz & Worksheet

To accurately measure the total production of a country within a given year, economists typically use a metric known as Gross Domestic Product (GDP). To be successful on this quiz, you will need to understand factors related to GDP.

Quiz & Worksheet Goals

To enhance your knowledge of this topic, you will be quizzed on the following:

  • What the GDP measures and does not measure
  • Factor generally considered the largest GDP contributor
  • How the GDP is calculated

Skills Practiced

  • Distinguishing differences - compare and contrast the various inputs to GDP and whether they increase or decrease the figure
  • Information recall - access the knowledge you've gained regarding the largest contributor to GDP
  • Critical thinking - apply relevant concepts to examine information about GPD in a more analytical perspective

Additional Learning

To learn more on this topic, be sure to read the accompanying lesson titled Overview of the Gross Domestic Product. The lesson covers:

  • The algorithm used to measure GDP
  • How production is measured by companies who produce internationally
  • Differences between the income and expenditure approaches to the GDP
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