

FP Unit 5 5.01
Flashcard
•
Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
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18 questions
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1.
FLASHCARD QUESTION
Front
Which is an economic condition that consumer spending usually measures? Options: competition, depreciation, employment, infrastructure
Back
employment
2.
FLASHCARD QUESTION
Front
Which is a factor that measures the condition of the economy? Options: fiscal policy, profit margin, price stability, financial cycle
Back
price stability
3.
FLASHCARD QUESTION
Front
When interest rates continue to increase to a high level, the economy might experience a/an
Back
recession
4.
FLASHCARD QUESTION
Front
Which are used in the calculation of the gross domestic product? Options: land titles, net exports, projected expenses, intermediate goods
Back
net exports
5.
FLASHCARD QUESTION
Front
Sales are falling off, production and employment are in decline, and the general feeling among businesspeople is that times are bad. This information indicates that the business cycle is in which phase?
Back
contraction
6.
FLASHCARD QUESTION
Front
When consumer purchasing power decreases, the economy will experience a period of: containment, contraction, emergence, expansion
Back
contraction
7.
FLASHCARD QUESTION
Front
Businesses purchasing items for resale are exempt from sales tax. This helps to prevent what problem when measuring the GDP?
Back
double counting
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