Economic Indicators Review

The total dollar value of all goods and services produced in a country in one year is..

• GDP

• GDP per capita

• Inflation

• Unemployment

The general rise in price level over time is...

• GDP

• GDP per capita

• Inflation

• Unemployment

The percentage of the population who is out of work and actively looking for a job is the __________________ rate

• GDP

• GDP per capita

• Inflation

• Unemployment

Taking the total amount of money made by a country in a year and dividing it by the population gives us...

• GDP

• GDP per capita

• Inflation

• Unemployment

Which of the following is not counted in GDP?

• Consumer Spending

• Imports

• Exports

• Investment spending

In Venezuela, an extreme case of inflation was seen known as

• Hyperinflation

• Extra Inflation

• Deflation

• Pre-inflation

This type of unemployment occurs when someone holds a job for just a portion of each year.

• Frictional

• Structural

• Cyclical

• Seasonal

This type of unemployment occurs when someone is between jobs

• Frictional

• Structural

• Cyclical

• Seasonal

This type of unemployment occurs when someone's skills do not meet the available jobs.

• Frictional

• Structural

• Cyclical

• Seasonal

Which of the following would not be counted in the unemployment rate?

• A banker

• A nanny

• A student

• A doctor