2023 MACRO QUEST - NEW

Front

What type of unemployment exists when people are in between jobs?

Back

Frictional

Front

What type of unemployment exists when someone's job is relocated to another country?

Back

Structural

Front

What type of unemployment exists when a specific industry is no longer in demand like travel agents?

Back

Structural

Front

What type of unemployment exists when aggregate (or total) demand decreases in an economy?

Back

Clyclical

Front

What type of unemployment lasts the shortest amount of time? Options: Hidden, Cyclical, Structural, Frictional

Back

Frictional

Front

What type of unemployment is caused by a recession?

Back

Cyclical

Front

How is the GDP calculated?

Back

C + I + G + (X - M)

Front

Which of the following is NOT an expenditure category in the GDP? Consumption, Government Spending, Investments

Back

Taxes

Front

Which of the following is NOT included in the expenditure method of GDP?
Investments,
Government Spending,
Exports minus Imports,
Imports minus Exports

Back

Imports minus Exports

Front

Who would be counted as officially unemployed? Options: The former accountant who took a job scooping ice cream, a new mom staying home with her baby, a real estate agent who gets laid off during the housing crisis, a professional actor who hasn't had an acting gig in 20 years.

Back

a real estate agent who gets laid off during the housing crisis