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EPF- Unit 2 Quiz

Authored by Laura Robinson

Social Studies

12th Grade

Used 5+ times

EPF- Unit 2 Quiz
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46 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP is an important economic measurement because it

provides valuable data on unemployment rates.

provides valuable data on inflation rates.

measures the value of final goods and services produced by a country.

measures only the exports of a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe the percent of the labor force that does not have a job but is currently looking for one?

Leading economic indicator

Full employment

Unemployment rate

workforce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes the phases of expansion and contraction in an economy over time?

Recessions

Prosperity

Total product oscillations

Business cycles

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which would most likely occur during a period of recession?

Real gross domestic output falls

Unemployment rate falls

Production increase

Personal income increases

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Increasing unemployment and decreasing GDP is a sign of what part of the Business Cycle?

Expansion

Recovery

Prosperity

Recession

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When majority of stock prices are on the rise, it is a . . .

Bull Market

Bear Market

Stable Market

Flood Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When majority of stocks are falling in price, it is a . . .

Bull Market

Bear Market

Stable Market

Flood Market

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