Who can answer these economic questions I posted in the comments?
Here is full questions. Please help. 1) Which of these is an
economic indicator used to tell how an economy is doing? A)
Equilibrium Price B) Consumer Price Index C) Job Satisfaction Rate
D) Presidential Approval Rate
2) The nation of Swampastan produces only two goods, chips and
dip. Calculate the GDP for Swampastan if dip retails for $3.00 a
pound and 10 pounds are produced while chips sell for $2.00 a pound
and 20 pounds are produced. A) $1,200.00 B) $150.00 C) $30.00 D)
$70.00
3) Which of these is an indicator of increased economic growth
in a nation? A) increased job satisfaction B) increased aggregate
demand C) increased welfare applications D) increased transfer
payments by the government
4) Over a three year period, the United States experienced an
increase in the real GDP, low inflation, and a declining
unemployment rate. For this period, the United States A) was in an
economic trough. B) was in a stagnant economic period. C) appeared
to be entering a recession. D) was in the middle of an economic
boom.
5) Inflation is defined as a rise in the general level of
prices. When inflation occurs, the buying power of the dollar would
A) increase. B) decrease. C) remain stable. D) not be affected by
inflation.
6) Help Wanted Ads Established company seeking full-time
residential house cleaner. We will train. Must be honest and
dependable. Call (123) 456-7890. Suburban medical facility seeking
surgeon. Board Certified required. $1,000 signing bonus for every
year of experience, up to $15,000. Send resume to 123 Medical
Drive, Suburbia, GA. Temporary lifeguard needed to fill summer
holiday shifts at outdoor swimming pool. Must have CPR and
lifeguard certification. Apply in person to Bridgefront, 123
Bridgefront, Anytown, GA. Aircraft manufacturer seeking engineers
with advanced degree in physics and no less than 15 years
experience. Many positions available. Send resume to 123 Aircraft
Blvd., Anytown, GA. According to the passage, the aircraft
manufacturer has many positions available that remain unfilled due
to lack of qualified applicants. This is an example of A) cyclical
unemployment. B) temporary unemployment. C) structural
unemployment. D) frictional unemployment.
7) Help Wanted Sales Position: Self-Motivated individual needed
to sell new homes being built in the Lakefront area. Salary based
on commission and experience. Kris applies for the sales position
and does well. However, she is laid off in late October due to slow
sales. This is an example of what type of unemployment? A) cyclical
B) frictional C) organizational D) structural
8) A technology company needs 10 workers experienced in a newly
developed programming language. Plenty of applicants express
interest in the job; however, only three have the necessary
education and experience to complete the work. The remaining
unemployed individuals are an example of ___ unemployment. A)
cyclical B) frictional C) seasonal D) structural
9) While inflation is a rise in the general level of prices,
economic growth is a A) short period during which the nation's
total output of goods and services decreases. B) short period
during which the nation's total output of goods and services
increases. C) sustained period during which the nation's total
output of goods and services decreases. D) sustained period during
which the nation's total output of goods and services
increases.
10) The unemployment rate is usually calculated as the number of
unemployed individuals A) divided by the total number of people in
a society. B) multiplied by the total number of people in a
society. C) divided by the total number of people in a labor force.
D) multiplied by the total number of people in a labor force.
11) According to the information, if the shaded areas indicate a
recession, unemployment rates A) fall during economic recessions.
B) rise during economic recessions. C) rise during economic
recovery periods. D) fall during economic recovery periods.
12) The growth rate in the fourth quarter of 2010 was 3.1%. What
was the growth rate in the first quarter of 2011? A) -3% B) 1.2% C)
1.9% D) 5%
13) Which of these statements BEST describes the amount of money
invested in government fixed assets from 2002 through 2009? A) The
amount steadily grew. B) The amount stayed the same. C) The amount
steadily decreased. D) The amount fluctuated up and down.
14) Which of these is the BEST definition of GDP? A) a
description of the quality of life in a nation B) average value of
production of intermediate goods C) a collection of all government
assets that could earn money D) market value of all goods and
services produced in a country
15) An increase in Americans buying imported goods would result
in A) no change in the GDP. B) a decrease in the GDP. C) an
increase in the GDP. D) a severely damaged GDP.
16) "Too much money chasing too few goods" is a common way use
to describe what economic concept? A) bankruptcy B) depression C)
inflation D) recession
17) Which would be the appropriate monetary policy and goal
during a period of high inflation? A) Increase interest rates in
order to increase the money supply. B) Decrease interest rates in
order to decrease the money supply. C) Increase interest rates in
order to decrease the money supply. D) Decrease interest rates in
order to increase the money supply.
18) During a recession, what must happen to interest rates to
spur economic growth? A) drop B) increase C) remain stable D)
increase and decrease
19) One way that individuals try to protect themselves against
the possibility of becoming unemployed is by maintaining an
emergency fund, usually in a very liquid state, such as a savings
account. How is such a fund threatened, if unemployment is
accompanied by high inflation? A) Inflation reduces the purchasing
power of the money in the emergency funds. B) Banks may lower their
interest rates so much that the emergency accounts will earn very
little. C) Due to bank failures, emergency funds may not be
available for withdrawal as quickly as they are needed. D) People
may be tempted to use their emergency funds for additional job
training to become more employable.
20) If the Midwestern states experienced a wide-scale and
prolonged drought, we could expect corn prices to rise sharply.
This would be an example of A) cost-push inflation. B) cost-pull
inflation. C) demand-push inflation. D) demand-pull inflation.
21) A common criticism of GDP as an economic welfare measure is
that it excludes A) the dollar value of net exports. B) the dollar
value of happiness levels. C) the dollar value of final goods
produced. D) the dollar value of final services produced.
22) On the news you hear that business investment has increased
from last year to this year. All else equal, the most likely result
is A) higher inflation. B) increased economic growth. C) a general
decline in the price level, due to increased productivity. D) the
increased capital stock will replace workers, thus increasing
unemployment.
23) GDP = consumer spending + government spending + investment +
net exports A U.S. business buys new computers for its office
workers from a U.S. computer manufacturer. The value of transaction
would be included in which category of GDP? A) net exports B)
consumer spending C) business investment D) government spending
24) In the business cycle, what always follows immediately after
a contraction? A) depression B) expansion C) recession D)
trough
25) Town of Coffeeville Total Population: 225,000 Working Age
Population: 144,000 Employed: 124,000 Unemployed: 20,000 What is
the unemployment rate of Coffeeville? A) 2% B) 7.2% Eliminate C)
13.8% D) 20%
