The value of all finished goods and services for a country in a given year is called the
Consumer Price Index
Gross Domestic Product
Inflation Rate
Consumer Growth Rate
Nominal GDP growth can be misleading because it doesn't adjust for
unemployment.
recessions.
inflation.
wage increases.
A more accurate measure of GDP growth is _______________ GDP.
nominal
marginal
structural
real
Jobs that are lost because the economy has slowed down represent which type of unemployment?
Frictional
Structural
Cyclical
Nominal
If self driving cars take over the taxi industry and all taxi and Uber and Lift drivers are out of work because consumers demand self driving taxis instead, this is called _____________________ unemployment.
frictional
structural and technological
cyclical
nominal
A person who leaves a job, but takes 3 months to find a new job is considered ___________________ unemployed.
frictionally
structurally
cyclically
nominally
The measure of prices from one period to another is called the