Ch 62: HiSET: Measuring the Economy

About This Chapter

Discover how the economy is measured with this chapter's informative lessons. The economic measurement issues are taught by our professional instructors in an engaging and flexible video format.

Measuring the Economy - Chapter Summary

In this chapter you'll learn about the distinction between wants and needs in economics. Your comprehension of this topic and other economic measurement concepts can be quickly assessed while you're studying by completing the practice quizzes. Major points in the chapter include:

  • The circular flow of economic activity
  • Gross domestic product
  • How investment and investments in economics are different

The videos across this chapter break down the lessons' main concepts in a way that's engaging and effective. While you're spending time with the videos, you can use the video tags to easily go back and forth between main points of each video.

HiSET Social Studies Objectives

HiSET is an exam used in several states for individuals who want to earn their high school credentials. It has five subtests, including social studies, which address economics, history, government and geography. You'll be ready to answer any questions about economic measurement that show up on test day after watching the lessons in this chapter. The HiSET Social Studies subtest contains 50 multiple-choice questions overall, with about 18% of questions focused on economics. Cartoons and reading passages are some of the items you may need to analyze on the test to answer questions.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the HiSET Social Studies: Prep and Practice course