GDP/Unemployment/Inflation Review
Flashcard
•
History, Social Studies
•
12th Grade
•
Hard
Wayground Content
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20 questions
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1.
FLASHCARD QUESTION
Front
Real GDP
Back
GDP controlled for inflation
2.
FLASHCARD QUESTION
Front
Which is the following is included in GDP? Options: an intermediate good, a service produced and used in another country, a fish that you catch and eat yourself, a fish that you buy at a store
Back
a fish that you buy at a store
3.
FLASHCARD QUESTION
Front
When a farm worker loses his job after the harvest, it is an example of
Back
Seasonal unemployment
4.
FLASHCARD QUESTION
Front
Which statement describes full employment? Options: Everybody who wants a job has a job, There is no unemployment at all, There is no cyclical unemployment, There is no structural unemployment
Back
There is no cyclical unemployment
5.
FLASHCARD QUESTION
Front
A general increase in prices is called
Back
inflation
6.
FLASHCARD QUESTION
Front
People who underemployed
Back
work part time or at jobs that are below their skills
7.
FLASHCARD QUESTION
Front
The inflation rate is
Back
the percentage change in prices over time
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