Who can answer these economic questions I posted in the comments?

Answer 1

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%