Economic Indicators

Emma, Abigail, and William are discussing different types of unemployment. They come across a type that occurs when people are in between jobs and actively searching for a new one. What type of unemployment are they talking about?

• Frictional Unemployment

• Seasonal Unemployment

• Structural Unemployment

• Cyclical Unemployment

Which type of unemployment occurs when industries adjust to the natural seasonal production schedule?

• Frictional Unemployment

• Seasonal Unemployment

• Structural Unemployment

• Cyclical Unemployment

Which type of unemployment occurs when worker's skills do not match the jobs that are available?

• Frictional Unemployment

• Seasonal Unemployment

• Structural Unemployment

• Cyclical Unemployment

During an economics class discussion, Harper, Evelyn, and James were debating about types of unemployment. Which type of unemployment did they agree mirrors the economic cycle?

• Frictional Unemployment

• Seasonal Unemployment

• Structural Unemployment

• Cyclical Unemployment

John, Jen, and Susan are having a debate about unemployment. They are trying to identify the factor of unemployment that refers to working part-time when full-time work is desired. Can you help them out?

• Underemployment

• Discouraged Worker

• Frictional Unemployment

• Seasonal Unemployment

Which factor of unemployment refers to someone who could not find a job so they gave up?

• Underemployment

• Discouraged Worker

• Frictional Unemployment

• Seasonal Unemployment

What does GDP stand for?

• Gross Domestic Product

• Gross Domestic Price

• Gross Demand Product

• Gross Domestic Price

All of the following are excluding from being included in the GDP formula, besides

• Transactions

• Used Goods

• Final Goods

• Intermediate Goods

The GDP formula is C + ___ + G + X-____

*Make sure to include spaces!

What country has the largest percentage of GDP?