Macroeconomics

Which of the following is not an economics indicator discussed in class?

• Presidential Policy
• Inflation 
• Gross Domestic Product
• Unemployment

Which of the following type of spending do not fall under GDP? 

• Investment 
• Government 
• Imports
• Consumer

In the business cycle, growing G.D.P. and inflation are signs of a recession.

• True
• False

Unemployed plus employed 

• Unemployed
• Unemployment Rate
• Labor Force
• Total Population

The general increase in the price of goods and services 

• Retention 
• Gross Domestic Product
• Unemployment
• Inflation

Someone without a job, but looking 

• Frictional Unemployment
• Structural Unemployment
• Discouraged Workers
• Unemployed

Unemployment caused by lack of skills or demand 

• Structural Unemployment
• Frictional Unemployment
• Seasonal Unemployment
• Discouraged Workers

is a way to illustrate how a regular group of goods and services changes over time.​

• Consumer Price Index
• Final Goods 
• Market Basket
• Durable Goods

Which of these is the BEST definition of GDP?

• a description of the quality of life in a nation
• average value of production of intermediate goods
• a collection of all government assets that could earn money
• market value of all goods and services produced in a country

Which result occurs when federal government expenditures are greater than the federal government's total receipts?

• reduced net exports
  
• increased excise taxes
  
• a federal budget surplus
  
• a federal budget deficit