FP Unit 5 5.01

FP Unit 5 5.01

Assessment

Flashcard

Education

9th - 12th Grade

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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