Economic Policy Answers
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Economists use gross national product (GNP) to measure
A
economic output within a nation, regardless of ownership.B
the output of foreign-owned businesses within a nation.C
the output of a nation’s citizens, regardless of where they are.D
any business activity taking place outside a country.22
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Which best describes the role that government and business play in investments?
A
They both use taxes to support a country’s growth.B
They both invest money to earn a profit.C
They both receive capital to use for growth.D
They both act as angel investors for start-ups.23
Which unemployment rate do most economists consider to be acceptable in the United States?
A
0 percentB
5 percentC
10 percentD
20 percent24
This graph shows changes in GDP and the unemployment rate in the United States in recent years.In what year would someone looking for work have had the hardest time finding a job?
A
2008B
2009C
2011D
201225
When government intervention makes currency worthless, this condition is called
A
deflation.B
hyperinflation.C
cost-push inflation.D
demand-pull inflation.Did you find these answers helpful?
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