NFHS SOCCER EXAM SCRIPT 2026
COMPLETE QUESTIONS ACCURATE
ANSWERS
◉ A country has GDP per capita equal to $2,500. If this country's GDP
per capita increases at a rate of 2% per year then about how many years
will it take for GDP per capita to equal $20,000?
- 280
- 35
- 105
- 140. Answer: 105
◉ The income approach to computing GDP calculates
- consumption + investment + government purchases + net exports.
- wages + interest + cost of intermediate goods + taxes + profit.
- revenue minus cost of intermediate goods
- wages + interest + rent + profits.. Answer: - wages + interest + rent +
profits.
◉ Consider the following facts:
- According to the CPI basket, the average person spends about 3.2% of
their budget on gasoline each year.
- John commutes to the office five days per week and spends 5% of his
annual budget on gasoline.
- Fred works from home and spends 1.5% of his budget on gasoline.
, - The price of gas increases and the CPI inflation rate is 2.4%.
All else the same, John is likely to feel like inflation is ["lower",
"higher"] than 2.4%.
Fred is likely to feel like inflation is ["higher", "lower"] than 2.4%..
Answer: higher lower
◉ The government wants real GDP per capita to double in 14 years.
If population is expected to grow by 1% per year then real GDP must
grow by ___ per year.
7%
6%
4%
5%. Answer: 6
◉ The government spending category (G) of GDP includes
- all government expenditures and taxes.
- all government expenditures except interest payments.
- all government expenditures.
- all government expenditures on new final goods and services.. Answer:
- all government expenditures on new final goods and services.
◉ The investment category of GDP has three components. They are
- government investment, business investment, and financial investment.
COMPLETE QUESTIONS ACCURATE
ANSWERS
◉ A country has GDP per capita equal to $2,500. If this country's GDP
per capita increases at a rate of 2% per year then about how many years
will it take for GDP per capita to equal $20,000?
- 280
- 35
- 105
- 140. Answer: 105
◉ The income approach to computing GDP calculates
- consumption + investment + government purchases + net exports.
- wages + interest + cost of intermediate goods + taxes + profit.
- revenue minus cost of intermediate goods
- wages + interest + rent + profits.. Answer: - wages + interest + rent +
profits.
◉ Consider the following facts:
- According to the CPI basket, the average person spends about 3.2% of
their budget on gasoline each year.
- John commutes to the office five days per week and spends 5% of his
annual budget on gasoline.
- Fred works from home and spends 1.5% of his budget on gasoline.
, - The price of gas increases and the CPI inflation rate is 2.4%.
All else the same, John is likely to feel like inflation is ["lower",
"higher"] than 2.4%.
Fred is likely to feel like inflation is ["higher", "lower"] than 2.4%..
Answer: higher lower
◉ The government wants real GDP per capita to double in 14 years.
If population is expected to grow by 1% per year then real GDP must
grow by ___ per year.
7%
6%
4%
5%. Answer: 6
◉ The government spending category (G) of GDP includes
- all government expenditures and taxes.
- all government expenditures except interest payments.
- all government expenditures.
- all government expenditures on new final goods and services.. Answer:
- all government expenditures on new final goods and services.
◉ The investment category of GDP has three components. They are
- government investment, business investment, and financial investment.
