AP®︎ Macroeconomics: Topic 2.1 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 2.1 of AP Macroeconomics – The Circular Flow and GDP.
Questions List
Topic 2.1
Question 1 Easy
This question tests the following: MEA-1.A.2
What is the circular flow diagram?
What You’re Being Tested On:
Explore the learning objectives taken directly from the College Board’s AP® Macroeconomics Curriculum. Ensure you’re prepared for the exact topics covered on the AP® exam, in-class tests, and quizzes, and gain confidence in your mastery of the material.
Topic 2.1: The Circular Flow and GDP
Learning Objective: MEA-1.A
a. Define (using the circular flow diagram as appropriate) how GDP is measured and its components. b. Calculate nominal GDP.
Essential Knowledge: MEA-1.A.1
GDP is a measure of final output of the economy.
Essential Knowledge: MEA-1.A.2
GDP as a total flow of income and expenditure can be represented by the circular flow diagram.
Essential Knowledge: MEA-1.A.3
There are three ways of measuring GDP: the expenditures approach, the income approach, and the value-added approach.
