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Economics GDP Flashcards | StudBud
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Economics GDP
Economics GDP
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economics GDP
Flashcards
18 cards
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Questions
18
Answers
1
You worked at Block Buster Video and lost your job. What type of unemployment?
professional
seasonal
structural
frictional
2
If someone buy $6,000 of pumpkins for Halloween what type of GDP is that?
consumption
Net Exports
private investment
NA
3
unemployment is on the rise, what part of the business cycle are we on?
contractionary
trough
peak
expansionary
4
What type of a good is a washing machine?
government good
durable good
tax good
non durable good
5
What type of GDP accounts for inflation?
Real GDP
nominal inflation
demand pull inflation
cost push inflation
6
Which one of these goods would be a durable good?
hair dryer
toilet paper
soap
toothbrush
7
Taking 3 weeks to find a new job after you quit would be what type of unemployment?
frictional
cyclical
seasonal
structural
8
If bankruptcy occurrences are at a all time low, what part of the business cycle are we at?
trough
expansionary
contractionary
peak
9
If many new business open what part of the business cycle are we on?
contractionary
expansionary
peak
trough
10
What type of GDP would include improvements to a school?
Government Investment
Consumption
Private Investment
NA
11
Where on the business cycle would you be if the stock market had been growing for 6 months.
contractionary
peak
expansionary
trough
12
What type of unemployment would be losing your job in a failing economy?
structural
friction
seasonal
cyclical
13
If unemployment is at an all time high what part of the business cycle are we on?
expansionary
contractionary
peak
trough
14
If I buy used bubble gum off a student what type of GDP will that be?
NA
private investment
consumption
government
15
What type of unemployment would have to do with a construction site freezing over?
structural
seasonal
frictional
cyclical
16
What type of GDP would include someone buying a big mac at McDonalds?
Consumption
Exports
NA
Government
17
What type of GDP would include someone spending $4,000 in the stock market?
Consumption
Government
Private Investment
NA
18
What is the total dollar value of all goods and services produced in a country a year.
Goods and Services Market
Gross Domestic Product
Total Revenue
Gross Market Product