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5 Written questions

5 Matching questions

  1. Seasonal Unemployment
  2. Unemployment Rate
  3. Net Investment
  4. Intermediate Goods
  5. Discouraged workers
  1. a Joblessness related to changes in weather, tourist patterns, or other seasonal factors
  2. b Goods used up in producing final goods
  3. c Investment minus depreciation
  4. d The fraction of the labor force that is without a job
  5. e individuals who would like a job, but have given up searching for one

5 Multiple choice questions

  1. Goods and services that are produced by not sold in a market
  2. The sum of a business plant, equipment, and software purchases, new-home construction, and inventory changes; often referred to as just investment
  3. Measuring GDP by summing the factor payments earned by all households in the economy
  4. Payments to the owners of resources that are used in production
  5. Measuring GDP by adding the value of goods and services purchased by each type of final user

5 True/False questions

  1. Full EmploymentJoblessness arising from changes in production over the business cycle


  2. Consumption (C)The part of GDP purchased by households as final users


  3. Involuntary Part-time WorkersIndividuals who would like a full-time job, but who are working only part time


  4. Net Exports (NX)Total exports minus total imports


  5. Value AddedThe revenue a firm receives minus the cost of intermediate goods it buys


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