Economic Indicators and Measurements



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Show What You Know!

  • Georgia Milestone Questions
  • During the contraction phase of the
  • business cycle
  • Prices rise
  • Resources become less scarce
  • Resources become more scarce
  • Unemployment declines

Show What You Know!

  • Georgia Milestone Questions
  • A recession is different from a depression
  • because depressions
  • Increases employment
  • Causes severe hardships for households, businesses and the government
  • Negative economic growth for 6 months or two quarters
  • Increases expansions

Show What You Know!

  • Georgia Milestone Questions
  • Which of the following is a microeconomic calculation?
  • Calculating the GDP
  • Calculating the unemployment rate
  • Calculating the interest due on a loan
  • Calculating the consumer price index

Show What You Know!

  • Georgia Milestone Questions
  • GDP is an especially good estimate of
  • Nonmarket activities
  • Quality of life
  • The economy’s performance
  • Underground economy

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