Sophia Macroeconomics Milestone 1.docx - Sophia...

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Sophia Marcoeconomics Milestone 11Which of the following terms is the sum of all final goods and services purchased in an economy?Resource cost/Income approachFactor marketExpenditure approachGDP growthCONCEPTEconomic Growth (GDP)
2Which definition below corresponds to economic indicators?
CONCEPTWhy Study Macroeconomics?3Which of the following could cause a shift in the demand curve?
CONCEPTSupply and Demand4
Which of the following is the most significant tool the government can use to reduce the severityof business cycles?

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