In a business cycle, a period in which aggregate output and employment declines is called _______.

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Quiz
•
Mathematics
•
1st - 5th Grade
•
Medium
Phát Tấn
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49 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
boom
growth
recession
expansion
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When a nation’s imports exceed its exports, it is referred to as _____.
Trade surplus
Trade deficit
Trade balance
Trade imports
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Goods that are produced by one firm for use in further processing by another firm is referred to as _____.
intermediate goods
final goods
capital
entrepreneurship
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
“Unemployment” is defined as the number of people who are ____.
looking for a job, and got one
looking for a job, but did not get one
not looking for a job
unable to work due to retirement age
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The unemployment wherein the workers’ skills do not match the jobs that are available for the current economy is called _____.
seasonal
cyclical
frictional
structural
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If GDP of a country with population of 5 million is $900 million, GDP per capita in that country is ____.
$ 180
$ 180 million
$ 180,000
$4.5 billion
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A measure of outputs produced by factors of production owned by a country’s citizens regardless of where the output is produced is ______.
Economic production
Gross National Product
Output growth rate
Gross Domestic Product
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