Unit 3 Vocab- AP Macro

Unit 3 Vocab- AP Macro

University

18 Qs

quiz-placeholder

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Unit 3 Vocab- AP Macro

Unit 3 Vocab- AP Macro

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Collin Robertson

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18 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

_____ are goods and services purchased from other countries.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The increased costs of transactions caused by inflation.

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A rising overall price level.

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

People who are currently without a job but are actively seeking one are called _____.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The total value of all final goods and services produced in an economy during a given year is called _____.

Gross Domestic Product

Net National Product

Gross National Income

Net Domestic Product

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The total value of all final goods and services produced in the economy during a given year, calculated with the prices current in the year in which the output is produced is called _____.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Results when workers lack the skills required for the available jobs, or there are more people seeking jobs in the labor market than there are jobs available at the current wage rate is known as _____.

Structural Unemployment

Cyclical Unemployment

Frictional Unemployment

Seasonal Unemployment

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