When economists determine that a nation's GDP has declined, they can point to this as a sign of
answer
economic shrinkage.
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Economic growth takes place when a country
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NOT: measures its gross domestic product (GDP).
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The graph shows data for the years 2010 through 2012.
Which might be a better title for this graph?
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Total Exports for the United States and China
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GRAPH: 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?
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It rose significantly.
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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? Check all that apply.
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structurally unemployed
unemployment
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Economists use gross national product (GNP) to measure
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the output of a nation's citizens, regardless of where they are.
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GRAPH: The map shows GDP per capita in the United States for a given year.
What conclusion can someone draw from the map?
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States with the lowest per capita GDP tend to be in the South.
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Which unemployment rate do most economists consider to be acceptable in the United States?
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5%
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GRAPH: These circle graphs show information about Bolivia's workforce and GDP.
What do the graphs indicate about Bolivia's labor force?
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NOT: Most people in Bolivia work in agriculture.
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GRAPH: This graph shows merchandise export data for the years 2010 through 2012.
Which statement most accurately describes the information presented on the graph?
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China exported more goods than the United States from 2010 to 2012.
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