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5 Written questions

5 Matching questions

  1. Final Good
  2. Value Added
  3. Potential Output
  4. Government Purchases (G)
  5. Net Exports (NX)
  1. a Total exports minus total imports
  2. b The level of output the economy could produce if operating at full employment
  3. c A good sold to its final user
  4. d The revenue a firm receives minus the cost of intermediate goods it buys
  5. e Spending by federal, state, and local governments on goods and services

5 Multiple choice questions

  1. Joblessness experienced by people who are between jobs or who are just entering or reentering the labor market
  2. Investment minus depreciation
  3. The total value of all final goods and services produced for the marketplace during a given year, within the nations borders
  4. A variable measured without adjustment for the dollar's changing value
  5. Any payment that is not compensation for supplying goods, services, or resources

5 True/False questions

  1. Unemployment RateA situation in which there is no cyclical unemployment

          

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

          

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

          

  4. Structural UnemploymentJoblessness arising from mismatches between workers skills and employers requirements or between workers locations and employers locations

          

  5. Intermediate GoodsA good sold to its final user