NAME

Question Types


Start With


Question Limit

of 28 available terms

Advertisement Upgrade to remove ads

5 Written Questions

5 Matching Questions

  1. Factor Payments
  2. Net Investment
  3. Government Purchases (G)
  4. Transfer payment
  5. Private Investment (I)
  1. a The sum of a business plant, equipment, and software purchases, new-home construction, and inventory changes; often referred to as just investment
  2. b Any payment that is not compensation for supplying goods, services, or resources
  3. c Payments to the owners of resources that are used in production
  4. d Spending by federal, state, and local governments on goods and services
  5. e Investment minus depreciation

5 Multiple Choice Questions

  1. Joblessness arising from changes in production over the business cycle
  2. The part of GDP purchased by households as final users
  3. The fraction of the labor force that is without a job
  4. A situation in which there is no cyclical unemployment
  5. The level of output the economy could produce if operating at full employment

5 True/False Questions

  1. Structural UnemploymentJoblessness arising from mismatches between workers skills and employers requirements or between workers locations and employers locations

          

  2. Involuntary Part-time Workersindividuals who would like a job, but have given up searching for one

          

  3. Expenditure ApproachMeasuring GDP by adding the value of goods and services purchased by each type of final user

          

  4. Frictional UnemploymentJoblessness arising from mismatches between workers skills and employers requirements or between workers locations and employers locations

          

  5. Value-added approachMeasuring GDP by summing the values added by all firms in the economy

          

Create Set