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5 Written questions

5 Matching questions

  1. center of population
  2. secondhand sales
  3. underground economy
  4. personal income(PI)
  5. Census
  1. a the sales of used goods
  2. b economic activities that are not reported for legal or tax collection purposes; like gambling or smuggling
  3. c the point where the country would balance if it could be laid flat and everyone weighed the same
  4. d An official count of all the people living in the United States including their place of residence
  5. e the total amount of income going to consumers before individual taxes are subtracted

5 Multiple choice questions

  1. economic activities that do generate expenditures in the market; mowing your own lawn
  2. gross national product minus depreciation charges for wear and tear on capital equipment
  3. the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
  4. the dollar amount of all final goods and services produced within a country's borders in a year.
  5. gross domestic product after adjustments for inflation

5 True/False questions

  1. GDP per capitaGDP divided by the population, to get the amount of output per person


  2. infrastructurethe highways,levees, mass transit, communications systems, electricity, water, sewer, and other publicgoods needed to support a population


  3. Baby Booma year that servesw as the basis of comparison for all other years


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


  5. Urban Populationpeople living in incor[porated cities, villages, or towns with 2,500 or more inhabitants