Economic Growth

Question 1

Which unemployment rate do most economists consider to be acceptable in the United States?

Revolt · Accepted Answer

5 percent

Question 2

The graph shows changes in GDP in the United States from 2009 to 2011.How did the contribution of the services sector to GDP change between 2009 and 2011?

Revolt · Accepted Answer

It rose significantly.

Question 3

Which describes a factor that limits economic growth?

Revolt · Accepted Answer

having low internal demand

Question 4

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

Revolt · Accepted Answer

structurally unemployed; unemployed

Question 5

This graph shows merchandise export data for the years 2010 through 2012.Which statement most accurately describes the information presented on the graph?

Revolt · Accepted Answer

China exported more goods than the United States from 2010 to 2012.

Question 6

Sometimes an economy cannot grow because of external factors, such as

Revolt · Accepted Answer

low demand for exports.

Question 7

The circle graph shows information about Germany’s labor force in 2011.Which statement most accurately describes Germany’s labor force?

Revolt · Accepted Answer

Most Germans work in services.

Question 8

An increase in gross domestic product (GDP) is a sign that a country’s economy is

Revolt · Accepted Answer

growing.

Question 9

The graph shows data for the years 2010 through 2012.Which might be a better title for this graph?

Revolt · Accepted Answer

Total Exports for the United States and China

Economic Growth Answers

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