Economic Indicators

Which of the following is not a strategy existing companies use to make a profit?

• pay bills
• reduce expenses
• increase productivity
• increase sales

Which is not an economic indicator

• GDP
• Inflation rate
• Law of supply and demand
• Unemployment rate

The US economy is often called a _______ economy

• per capita
• legal
• traditional
• consumer

The GDP growth rate in the US during the great recession of 2008 was _________.

• negative
• positive
• zero
• serious

If the prices of many products _______, inflation is present.

• pull
• rise
• fall
• remain the same

The rate of change of prices calculated on a monthly or yearly basis is called 

• Demand-pull inflation
• Cost-push inflation
• Inflation rate
• Consumer price index

The civilian labor force is divided into what two categories

• Employed and unemployed
• Rich and poor
• Push and pull
• Stocks and bonds

Nominal GDP is calculated ________ adjusting for inflation

• currently
• when
• with
• without