NAME

Question types


Start with


Question limit

of 28 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Potential Output
  2. Nonmarket Production
  3. Real Variable
  4. Value-added approach
  5. Frictional Unemployment
  1. a Goods and services that are produced by not sold in a market
  2. b A variable adjusted for changes in the dollar's value
  3. c The level of output the economy could produce if operating at full employment
  4. d Measuring GDP by summing the values added by all firms in the economy
  5. e Joblessness experienced by people who are between jobs or who are just entering or reentering the labor market

5 Multiple choice questions

  1. A situation in which there is no cyclical unemployment
  2. Any payment that is not compensation for supplying goods, services, or resources
  3. The fraction of the labor force that is without a job
  4. Joblessness related to changes in weather, tourist patterns, or other seasonal factors
  5. The total value of all final goods and services produced for the marketplace during a given year, within the nations borders

5 True/False questions

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

          

  2. Value AddedThose people who have a job or who are looking for one

          

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

          

  4. Discouraged workersThose people who have a job or who are looking for one

          

  5. Seasonal AdjustmentJoblessness related to changes in weather, tourist patterns, or other seasonal factors