PFL UNIT 3 (CBA2) Flashcards

PFL UNIT 3 (CBA2) Flashcards

Assessment

Flashcard

•

Mathematics

•

9th Grade

•

Practice Problem

•

Hard

Created by

Amelia Travis

FREE Resource

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40 questions

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1.

FLASHCARD QUESTION

Front

What is the main focus of macroeconomics?

Back

Examining national and global economies

2.

FLASHCARD QUESTION

Front

GDP stands for:

Back

Gross Domestic Product

3.

FLASHCARD QUESTION

Front

To be classified as unemployed, a person must:

Back

Not be working and have looked for a job within the past 4 weeks

4.

FLASHCARD QUESTION

Front

Inflation refers to:

Back

A change in the price level of all goods and services

5.

FLASHCARD QUESTION

Front

What is the purpose of taxes?

Back

Mandatory payments for government services

6.

FLASHCARD QUESTION

Front

Example of a progressive tax?

Back

State income tax

7.

FLASHCARD QUESTION

Front

Regressive tax (takes ____% from _______ groups)

Back

Takes a larger percentage from lower-income groups

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