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5 Written questions

5 Matching questions

  1. Seasonal Adjustment
  2. Seasonal Unemployment
  3. Gross Domestic Product (GDP)
  4. Net Investment
  5. Discouraged workers
  1. a Adjusting an economic variable to remove the effects of changes predicted to occur at that time of year
  2. b Joblessness related to changes in weather, tourist patterns, or other seasonal factors
  3. c The total value of all final goods and services produced for the marketplace during a given year, within the nations borders
  4. d individuals who would like a job, but have given up searching for one
  5. e Investment minus depreciation

5 Multiple choice questions

  1. The revenue a firm receives minus the cost of intermediate goods it buys
  2. A good sold to its final user
  3. Joblessness arising from changes in production over the business cycle
  4. Measuring GDP by adding the value of goods and services purchased by each type of final user
  5. Individuals who would like a full-time job, but who are working only part time

5 True/False questions

  1. Government Purchases (G)Spending by federal, state, and local governments on goods and services


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


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


  4. Real VariableA variable measured without adjustment for the dollar's changing value


  5. Consumption (C)Total exports minus total imports


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