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5 Written questions

5 Matching questions

  1. Structural Unemployment
  2. Involuntary Part-time Workers
  3. Intermediate Goods
  4. Frictional Unemployment
  5. Net Investment
  1. a Joblessness experienced by people who are between jobs or who are just entering or reentering the labor market
  2. b Goods used up in producing final goods
  3. c Individuals who would like a full-time job, but who are working only part time
  4. d Joblessness arising from mismatches between workers skills and employers requirements or between workers locations and employers locations
  5. e Investment minus depreciation

5 Multiple choice questions

  1. A good sold to its final user
  2. A variable measured without adjustment for the dollar's changing value
  3. Measuring GDP by summing the values added by all firms in the economy
  4. The revenue a firm receives minus the cost of intermediate goods it buys
  5. Those people who have a job or who are looking for one

5 True/False questions

  1. Factor PaymentsPayments to the owners of resources that are used in production

          

  2. Gross Domestic Product (GDP)Goods and services that are produced by not sold in a market

          

  3. Cyclical UnemploymentJoblessness experienced by people who are between jobs or who are just entering or reentering the labor market

          

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

          

  5. Potential OutputThe level of output the economy could produce if operating at full employment