
ITB Ch 3 Test Review
Authored by Nicholas Ruggieri
Business
9th - 12th Grade
Used 23+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is NOT one of the 4 business cycles?
Prosperity
Recession
Depression
Recovery
Poverty
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the unemployment rate?
# unemployed / # in labor force * 100
# employed / # in labor force * 100
# unemployed / # people in US * 100
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP stand for?
Green Damage Poverty
Gross Domestic Product
Gross Domestic Profit
Gosh Darn People
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is NOT one of the 4 types of unemployment?
seasonal
temporary
industrial
cyclical
not wanted
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who satisfies public wants?
Mr. Ruggieri
The government
Schools
Big Business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the US currently have a higher standard of living than in the past?
GDP Grew
GDP Shrank
It doesn't
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the national debt?
The total amount of money the government owes
When the government spends more than they bring in in taxes
budget deficit
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