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Gross domestic product is the market value of all the Answer final goods and services produced by corporations in a given time period. goods and...

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Gross domestic product is the market value of all the Answer final goods and services produced by corporations in a given time period. goods and services produced by corporations in a given time period. intermediate goods and services and final goods and services produced within a country in a given time period. final goods and services produced within a country in a given time period. final goods and services produced by a country's citizens no matter where they are located in a given time period. 5 points Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be Answer unemployed. employed. in labor force but not working. not in labor force. not in the working-age population because she is in college. 5 points Using the table above, the unemployment rate is Answer 5.8 percent. 10 percent. 4.2 percent. 11.2 percent. 6.3 percent. During a recession the unemployment rate generally ____ and during an expansion the unemployment rate generally ____. Answer does not change; falls rises; falls rises; does not change
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rises; rises falls; rises Real GDP is $1,500 billion and nominal GDP is $1,650. The GDP deflator equals Answer 115.5. 105.0. 110.0. 100.0 . 90.91. People's willingness and ability to buy a specified amount of a good or a service at specific price during a specified period of time is called the Answer sellers' demand. buyers' demand. people's power. law of demand. quantity demanded. 5 points Which of the following is a bias in the CPI? i. new goods bias ii. index change bias iii. commodity substitution bias Answer i only. i and iii. iii only. i, ii, and iii. ii only. Which of the following are sources of unemployment? i. job losers. ii. job leavers. iii. entrants and reentrants. iv. discouraged workers. Answer ii and iii. i and ii. i, ii, and iii. i and iii. i, ii, iii, and iv.
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Gross domestic product is the market value of all the
Answer final goods and services produced by corporations in a given time period.
goods and services produced by corporations in a given time...

This question was asked on Jan 14, 2013 and answered on Jan 14, 2013.

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