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5 Written Questions

5 Matching Questions

  1. Rural Population
  2. real GDP
  3. Baby Boom
  4. Census
  5. secondhand sales
  1. a makes up the remiander of the total ; people who live in sparsely populated areas along the fringes of cities
  2. b the high birthrate years from 1946 to 1964
  3. c gross domestic product after adjustments for inflation
  4. d An official count of all the people living in the United States including their place of residence
  5. e the sales of used goods

5 Multiple Choice Questions

  1. GDP divided by the population, to get the amount of output per person
  2. total dollar value of all final goods, services, and structures produced in one year with labor and property owned by a contry's residents, regardless of where the production takes place: largest measure of a nations income
  3. the highways,levees, mass transit, communications systems, electricity, water, sewer, and other publicgoods needed to support a population
  4. the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
  5. the total amount of income going to consumers before individual taxes are subtracted

5 True/False Questions

  1. current GDPgross domestic product measured in current prices unadjusted for inflation

          

  2. intermediate productsthe dollar amount of all final goods and services produced within a country's borders in a year.

          

  3. underground economyeconomic activities that are not reported for legal or tax collection purposes; like gambling or smuggling

          

  4. base yearthe high birthrate years from 1946 to 1964

          

  5. center of populationthe point where the country would balance if it could be laid flat and everyone weighed the same

          

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