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Economics - Economic Indicators & Business Cycle
Authored by Amber French
Social Studies
10th Grade
Used 150+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All final goods and services that make up GDP can be expressed in the form:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition for GDP?
The market value of all final goods and services produced in a nation during a period of time, usually a year.
The increase of general prices over time.
When people do not have jobs and are actively looking for one.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition for inflation?
The market value of all final goods and services produced in a nation during a period of time, usually a year.
The increase of general prices over time.
When people do not have jobs and are actively looking for one.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition for unemployment?
The market value of all final goods and services produced in a nation during a period of time, usually a year.
The increase of general prices over time.
When people do not have jobs and are actively looking for one.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of Unemployment is represented here?
Scenario: The economy is on the decline causing businesses to lay off employees
Cyclical
Seasonal
Structural
Frictional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of Unemployment is represented here?
Scenario: Businesses purchase more technology for the sole purpose of laying off employees
Cyclical
Seasonal
Structural
Frictional
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of Unemployment is represented here?
Scenario: You are let go from Ritas because the Spring and Summer seasons have passed.
Cyclical
Seasonal
Structural
Frictional
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