ECO 372 Week 1 Discussion Question 2
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Unemployment rate measures the number of unemployed workers in the labour force. List and explain three types of unemployment. Find the most recent unemployment rate of your state. From a personal perspective, can you explain your view of the current job market in your local area?
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ECO 372 Week 1 Discussion Question 1
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Derscription
What is the difference between real and nominal GDP? Does GDP accurately reflect our nation’s well being? Explain.
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ECO 372 Final Exam Guide
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1) The largest source of household income in the U.S. is obtained from
2) The market where business sell goods and services to households and the government is called the
3) Real gross domestic product is best defined as
4) Underemployment includes people
A. who work “off-the-books” to avoid tax liabilities B. who are working part time, or not using all their skills at a full-time
job
5) The Bureau of Economic Analysis is responsible for which of the following?
6) The Federal Reserve provides which of the following data?
7) Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have
8) If the depreciation of a country’s currency increases its aggregate expenditures by 20, the AD curve will
A. shift right by more than 20 B. shift right by less than 20 C. shift right by exactly 20 D. not shift at all
9) Aggregate demand management policies are designed most...