
Module 5 Review (Economics)
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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30 questions
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1.
FLASHCARD QUESTION
Front
Consumption + Investment + Government Spending + (Exports - Imports) What is the formula above used to calculate?
Back
Gross Domestic Product
2.
FLASHCARD QUESTION
Front
___________ is the measurement of how much an economy's production of goods and services has increased over a period of time.
Back
Economic Growth
3.
FLASHCARD QUESTION
Front
What is the target unemployment rate?
Back
4-5%
4.
FLASHCARD QUESTION
Front
Which type of unemployment occurs when people are between jobs?
Back
Frictional
5.
FLASHCARD QUESTION
Front
Which type of unemployment occurs due to changes in technology?
Back
Structural
6.
FLASHCARD QUESTION
Front
Which type of unemployment occurs as a result of fluctuations in the economy?
Back
Cyclical
7.
FLASHCARD QUESTION
Front
Which type of unemployment occurs due to changes in the time of year?
Back
Seasonal
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