Business Cycle

What is business cycle?

• total goods and services produced in a country

• number of working force over population

• an increase or decrease in economic activity over time

• a financial transaction record made by residents of a country and the rest of the world.

Which of the following is not a stage in business cycle?

• growth

• boom

• recession

• equilibrium

Which stage that shows the highest level of economy?

• growth

• boom

• slump

• recession

Which stage on the economy showing the country at its lowest of GDP?

• Growth

• Boom

• Slump

• Recession

Total goods and services produces in a country is known as....

• balance of payment

• scarcity

• gross domestic product

• national income

Which statement is showing an economic boom?

• Demand for goods and services fall

• Investment and profits at their highest level

• High unemployment

• Standard of living slowly increase

At which stage the economy experience a depression?

• slump

• growth

• recession

• boom