Product Description
_____________________ is a term which refers to the widespread use of power-driven machinery and the economic and social changes that resulted in the first half of the 1800s.
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Question 2 | 1 / 1 point |
____________ is a term which refers to the widespread use of power-driven machinery and the economic and social changes that resulted in the first half of the 1800s.
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Question 3 | 1 / 1 point |
Over the long run, ____________ per hour is the most important determinant of the average wage level in any economy.
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Question 4 | 0 / 1 point |
An economy’s rate of productivity growth is closely linked to the growth rate of its ______________, although the two aren’t identical.
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Question 5 | 1 / 1 point |
In the long run, the most important source of increase in a nation’s standard of living is a:
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Question 6 | 1 / 1 point |
When discussing economic growth, it is often useful to focus on ____________, to avoid studying changes in the size of GDP that represent only having more people in the economy, and focus on those increases in GDP which represent an actual rise in the standard of living on a per person basis.
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Question 7 | 1 / 1 point |
Economists typically measure economic growth by tracking:
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Question 8 | 1 / 1 point |
The value of what is produced per worker, or per hour worked, is called ____________.
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Question 9 | 0 / 1 point |
Which of the following is correct?
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Question 10 | 0 / 1 point | |||
In the early 2000s, the illiteracy rate for girls between the ages of 15 and 24 was __________ and the illiteracy rate for males in this age group was ______________.
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Chapter 7 Mandatory |
Question 11 | 1 / 1 point |
Assuming a country’s economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of living in their country more than double by the time they had reached age __________.
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Question 12 | 1 / 1 point |
Country Alpha and Country Beta initially have the same real GDP per capita. Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5 percent. In 14 years, Country Alpha’s GDP will be approximately _________ that of Country Beta.
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Chapter 8 Random |
Question 13 | 1 / 1 point |
The type of unemployment that occurs because of a recession is called:
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Question 14 | 1 / 1 point |
Cyclical unemployment arises when:
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Question 15 | 1 / 1 point | |||
______________________ argues that the productivity of workers will increase if they are paid more, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate.
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Question 16 | 1 / 1 point |
The U.S. unemployment rate moves up and down as the economy moves in and out of recessions. But over time, the unemployment rate seems to return to a range of ____________.
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Question 17 | 1 / 1 point |
Women composed __________ of the paid workforce in 1900 and 50% of the paid workforce in 2010.
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Question 18 | 1 / 1 point |
The rise in unemployment that occurs because of a recession is known as cyclical unemployment, because it is closely tied to the ______________.
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Question 19 | 1 / 1 point |
The labor force consists of:
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Question 20 | 1 / 1 point | |||
During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.
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Question 21 | 1 / 1 point |
Frictional unemployment is:
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Question 22 | 1 / 1 point | |||
The unemployment rate measures:
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Chapter 8 mandatory |
Question 23 | 1 / 1 point |
Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered:
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Question 24 | 1 / 1 point |
If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals:
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Question 25 | 1 / 1 point |
Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is ________ and the participation rate is __________.
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Question 26 | 1 / 1 point |
In November 2010 the labor force in Siouxtown, was 14,800. There were 14,483 persons employed. The local unemployment rate:
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Chapter 9 random |
Question 27 | 1 / 1 point |
A payment is said to be ________________ if it is automatically adjusted for inflation.
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Question 28 | 1 / 1 point |
The ____________________ is based on the prices of merchandise that are exported or imported.
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Question 29 | 1 / 1 point |
What name is given to the index based on the prices of exported or imported merchandise?
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Question 30 | 1 / 1 point |
The Producer Price Index is based on prices paid for supplies and inputs by:
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Question 31 | 1 / 1 point |
Another term used to describe negative inflation is:
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Question 32 | 1 / 1 point |
Inflation implies that the level of all prices _____________________.
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Question 33 | 1 / 1 point |
What distinguishes the real value of a statistic from the nominal value of a statistic?
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Question 34 | 1 / 1 point |
The basket of goods in the Consumer Price Index consists of about _________ products; that is, several hundred specific products in over __________ broad-item categories.
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Question 35 | 1 / 1 point |
The GDP deflator is a price index that includes the following components of GDP:
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Question 36 | 1 / 1 point | |||
Which of the following is the name used to describe the price index that consists of intermediate goods and finished goods?
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