The Business Cycle Answers

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

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?

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?

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

The map shows GDP per capita in the United States for a given year.What conclusion can someone draw from the map?

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

When economists determine that a nation’s GDP has declined, they can point to this as a sign of

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

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

Rabia does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position. Which terms can be used to describe Rabia? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed