ECON GDP/UNEPMPLOMENT FINAL REVIEW 2024

The ability of a country to produce a good/service more efficiently than another =

The point at which a household cannot be maintained =

GDP divided by the number of people in an economy is known as what?

GDP does not include:

This, minus the depreciation of capital equipment 4 Net National Product

Which of the following is not a cause of poverty?

Poverty rates tend to be lower in what kind of areas?

Net National Product – sales/excise taxes =

What is the acceptable unemployment rate?

This type of unemployment occurs when one's job skills don't match the available jobs.

You would be considered to be underemployed if:

The GDP at the price of goods/services now =

The % of households below the poverty threshold is called what?

The production of finished goods =

This type of unemployment occurs when one stops working to look for a new job.

Which of the following is a benefit to trade barriers?

Tertiary economic activities are known as what?

The moving of manufacturing jobs to another country is called:

Which of the following is not a type of trade barrier?

The value of all the goods/services produced in 1 year =