econ: economic growth

22 August 2023
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10 test answers

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question
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?
answer
2009
question
The map shows GDP per capita in the United States for a given year. What conclusion can someone draw from the map?
answer
states with the lowest per capita GDP tend to be in the South.
question
This graph shows merchandise export data for the years 2010 through 2012. Which statement most accurately describes the information presented on the graph?
answer
China exported more goods than the United States from 2010 to 2012.
question
These circle graphs show information about Bolivia's workforce. Which statement best summarizes the information on these graphs?
answer
Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP.
question
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?
answer
It rose significantly.
question
Economic growth takes place when a country
answer
produces more goods and services.
question
Which unemployment rate do most economists consider to be acceptable in the United States?
answer
5%
question
The graph shows unemployment rates in the United States in recent years. Which statement is the most accurate explanation of the information on the graph?
answer
The United States suffered an economic downturn starting in 2009.
question
The graph shows data for the years 2010 through 2012. Which might be a better title for this graph?
answer
Total Exports for the United States and China
question
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? Check all that apply.
answer
frictionally unemployed unemployed