AP Macro Unit 1 Review

What would happen to the market for sleeping pills if the price of an ingredient increases?

What would happen in the market for corn if a severe drought wipes out Nebraska's corn crop?

What would happen in the market for popcorn if the price of movies increases?

What is the term for the next best option forgone when making a decision?

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What is the real GDP in 2015?

Bob was a computer programmer but he doesn't new coding well enough to get hired. He is:

Pete graduated with a degree in computer programming and is working at Burger King. He is:

John graduated from college and is trying to find his first job. He is:

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In what category of GDP would the following count: You buy $4000 in Apple stock

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What is the Real GDP in 2015?

What category of GDP would this count in: Grocers in France buy Iowa wheat

In what category of GDP would the following count: You sell homemade cookies at a garage sale

Which of the following points would be considered "inefficient" in the short run?

In what category of GDP would the following count: An American family spends $1000 on a hot tub

What is the unemployment rate?

After not finding a nursing job, Alice quits looking and goes back to school. She is:

Which of the following points would be considered "unattainable" in the short run?

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Which of the following spots on the business cycle would be considered a "trough"?

Susan's company laid her off because sales have been down lately. She is:

What is the Nominal GDP in 2015?

What is the definition of economics?

What is the Real GDP in 2016?

What would happen in the market for DVD players if the price of DVD players rises?

Which of the following spots on the business cycle would be considered a "recovery"?

What is the labor force participation rate?

In what category of GDP would the following count: The Smiths buy a brand new home in Iowa

What year is being used as the base year on this chart?

In what category of GDP would this count: Addison opens up a new elementary school