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Everyday Economics Trivia: Inflation, GDP and More

Eight questions on everyday economics: inflation, supply and demand, GDP, opportunity cost and the ideas behind the prices you pay.

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Game type
Trivia
questions
8
Time
3 min
Language
English
Category
Lifestyle

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Inside the quiz

The first 3 real questions in Everyday Economics Trivia: Inflation, GDP and More.

  1. 01 / 8

    What is inflation?

    • A general rise in prices that reduces purchasing power
    • A drop in interest rates
    • A rise in wages
    • A type of tax
  2. 02 / 8

    According to the law of supply and demand, what tends to happen when demand exceeds supply?

    • Prices fall
    • Prices rise
    • Prices disappear
    • Nothing changes
  3. 03 / 8

    What does GDP measure?

    • The population of a country
    • The total value of goods and services an economy produces
    • The size of the government
    • A country's gold reserves

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