Unit 5 Exam Review
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
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56 questions
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1.
FLASHCARD QUESTION
Front
Avery is studying economic indicators for her class project. She learns that consumer spending is often used to measure which economic condition?
Back
employment
2.
FLASHCARD QUESTION
Front
What factor measures the condition of the economy? Options: fiscal policy, profit margin, price stability, financial cycle
Back
price stability
3.
FLASHCARD QUESTION
Front
When Olivia noticed that interest rates continued to increase to a high level, she realized the economy might experience a/an:
Back
recession
4.
FLASHCARD QUESTION
Front
Which components 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
Lily notices that sales at her family's store are falling off, production and employment are in decline, and the general feeling among local businesspeople is that times are bad. This information indicates that the business cycle is in which phase?
Back
contraction
6.
FLASHCARD QUESTION
Front
Aria runs a small business where she buys products in bulk to sell in her store. She doesn't pay sales tax on these purchases to avoid what issue when calculating the GDP?
Back
double counting
7.
FLASHCARD QUESTION
Front
When Samuel noticed that his monthly expenses were increasing and his salary remained the same, he realized his purchasing power was decreasing. The economy will experience a period of: containment, contraction, emergence, expansion
Back
contraction
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