Economic Indicators/Labor

What does GDP stand for?

• Gross Domestic Product

• Gross Domestic Process

• Gross Dominate Product

• Gross Dominate Process

What is NOT a type of unemployment?

• Unskilled

• Semi-Skilled

• Professional

• Semi-Professional

Click all that applies: What is a reason as to why the job market has shifted?

• Population Growth and Decline

• New Technologies

• New Industries

• More employment options

What is the average number of jobs that a person will have in their lifetime?

• 4-5

• 1-2

• 8-10

• 5-6

What is the definition of professional employment?

• Skills and Technical Training

• Advanced skills and education. Receive a salary

• No Education and hourly wage

• Hourly wage and technical training

What is unskilled labor?

• Requires no skills, education or training. Workers earn an hourly wage

• Requires college degree

• Requires training and hourly wage

• Requires no skills, education or training and paid a salary

What is not an example of a skilled labor job?

• Firefighters

• EMT

• Janitor

• Chef

What is an example of professional labor?

• Cook

• Lawyer

• Housekeeper

• EMT

What is GDP?

• Measures exports leaving the country

• Measures only the final goods

• Measures the total value of of all goods and services in a country

• Measures the standard of living

Fill in missing part of the GDP Equation: C + I + G + ____