Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

A business cycle reflects changes in economic activity

14/10/2021 Client: muhammad11 Deadline: 2 Day

The Circular Flow Diagram Of Economic Activity Is A Model Of The:

Question

Chapter 1 Random

Question 1 1 / 1 point

The circular flow diagram of economic activity is a model of the:

a) flow of goods, services, and payments between households and firms.

b) role of unions and government in the economy.

c) interaction among taxes, prices, and profits.

d) influence of government on business behaviour.

Chapter 1 random definitions

Question 2 1 / 1 point

Which of the following best characterizes the circular flow of income?

a) Businesses buy resources from the government, and households buy goods and services from businesses.

b) Households buy factors of production from businesses, and businesses buy goods and services from households.

c) The government purchases resources from businesses and households and then sells goods and services to businesses and households.

d) Businesses buy resources from households, and households use their income from the sale of resources to buy goods and services from businesses.

Question 3 1 / 1 point

In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:

a) producers and input suppliers.

b) producers and government planning committees.

c) all consumers.

d) buyers and sellers.

Question 4 1 / 1 point

If macroeconomics looks at the economy as a whole, it focuses on which of the following?

a) unemployed people

b) business firms

c) households

d) the division of labor

Chapter 6 Random

Question 5 1 / 1 point

GDP is:

a) the value of all final goods and services produced by a government.

b) the sum of all currency and coins in circulation.

c) the value of all final good and services produced anywhere in the world by a nation's firms.

d) the value of all final goods and services produced domestically.

Chapter 6 random easy

Question 6 1 / 1 point

A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are:

a) trough, expansion, recession, peak

b) expansion, trough, recession, peak

c) expansion, peak, recession, trough

d) contraction, recession, expansion, boom

Question 7 1 / 1 point

_______________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard of living in a country.

a) Trade balance

b) Education

c) Inflation

d) Economic growth

Question 8 1 / 1 point

The gap between exports and imports in a nation's economy is called the ___________.

a) trade surplus

b) trade balance

c) trade inventory

d) trade deficit

Chapter 6 Problems

Question 9 1 / 1 point

In 1980 Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP of $160 billion (measured in U.S. dollars) s and a population of 5.3 million. By what percentage did Denmark’s GDP per capita rise between 1980 and 2000?

a) 219%

b) 128%

c) 45.4%

d) 120%

Chapter 7 Problems

Question 10 1 / 1 point

Country Alpha and Country Beta initially have the same real GDP per capita. Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5 percent. In 14 years, Country Alpha's GDP will be approximately _________ that of Country Beta.

a) triple

b) one-half

c) one-fourth

d) double

Chapter 7 Random

Question 11 1 / 1 point

Increased investment alone will guarantee economic growth.

a) This is a true statement, because growth occurs only with savings.

b) This is a false statement, because economic growth hinges on the quality and type of investment as well as the human capital and improvements in technology.

c) This is a true statement, because money is the only resource needed for growth.

d) This is a false statement, because an economy must rely on capital injections from abroad.

Question 12 1 / 1 point

Which of the following is unlikely to affect the rate of economic growth?

a) the quantity of available resources

b) technological change

c) the level of government spending

d) the quality of available resources

Question 13 0 / 1 point

A nation's prosperity is sometimes measured in terms of ___________.

a) economic output

b) GDP per capita

c) GDP

d) GNP

Chapter 8 Random

Question 14 1 / 1 point

If the unemployment rate is 8 percent, then this means:

a) 8 percent of the labor force is unemployed.

b) 8 percent of the population age over sixteen is unemployed.

c) 8 percent of the population is unemployed.

d) the number of unemployed persons equals 8 percent of the employed persons.

Question 15 1 / 1 point

A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:

a) structurally unemployed.

b) frictionally unemployed.

c) cyclically unemployed.

d) underemployed.

Question 16 1 / 1 point

The type of unemployment that occurs because of a recession is called:

a) frictional unemployment.

b) seasonal unemployment.

c) cyclical unemployment.

d) the natural rate of unemployment.

Chapter 9 random

Question 17 1 / 1 point

The situation where the buying power of money in terms of goods and services increases is called:

a) inflation.

b) deflation.

c) hyperinflation.

d) stationary pricing.

Question 18 1 / 1 point

In the 1970s and 1980s, labor unions commonly negotiated wage contracts that had _______________________ which guaranteed that their wages would keep up with inflation.

a) cost of living adjustments

b) wage protection clauses

c) inflation protection plans

d) inflation ceiling guarantees

Chapter 8 and 9 Problems

Question 19 1 / 1 point

If the price index moves from 107 to 110, the rate of inflation is:

a) 2.8%

b) 30%

c) 3%

d) 28%

Question 20 0 / 1 point

The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:

a) 11%.

b) 16.8%.

c) 20.2 %.

d) 14.4%.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Maths Master
Academic Master
Financial Analyst
George M.
Assignment Hut
Top Writing Guru
Writer Writer Name Offer Chat
Maths Master

ONLINE

Maths Master

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$28 Chat With Writer
Academic Master

ONLINE

Academic Master

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$45 Chat With Writer
Financial Analyst

ONLINE

Financial Analyst

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$40 Chat With Writer
George M.

ONLINE

George M.

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$15 Chat With Writer
Assignment Hut

ONLINE

Assignment Hut

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$38 Chat With Writer
Top Writing Guru

ONLINE

Top Writing Guru

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$40 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Develop a resource schedule in the loading chart - Math assignments - Chcece009 use an approved learning framework to guide practice - EXECUTIVE BRIEF REPORT - What is cost of common equityv - Projectile motion lab report answers - How to enchant a sieve mesh - Is rest a rsa - Inferential statistics in decission making - 12.29 - What is code iso 9141 - Pricing strategy questions and answers - Data - Give me liberty seagull ed vol two - Debaters association of victoria - Mozart build a winch - Analyzing and Visualizing data - Tutor2u economics unit 3 - Shear force vs axial force - Costophrenic angle and cardiophrenic angle - Unit 5 - Buddhism key stage 1 - Tech talk case study solution - Lord i need you bpm - The whole business with kiffo and the pitbull essay - Situational Leadership Analysis - UNIT IV DQ MBA 6601 - Introduction to sociology openstax citation - Religion- Reflection Paper - Nursing Philosophy - Erase placenta soap toni gonzaga - Mark hinchliffe coffin cheater - Capsim beginner level certification - 134 pringles road martinsville - Seven domains of a typical it infrastructure - DAT565 - Valentine carol ann duffy annotated - Annotated Bibliography - Suppose the baseball hall of fame in cooperstown, new york, has approached - Theme of death by scrabble - Companies that export goods to foreign countries bsg - Singapore airlines case study solution - Chemistry in the news assignment - Nursing interventions for hydrotherapy during labor ati - Research and writing del 3 - Www bankrate com calculators managing debt minimum payment calculator aspx - Teddy bunter firm west ham - Assignment Week 7 - Identifying subordinate clauses worksheet - Rm cobol compiler free download - Standardization of sodium hydroxide solution lab - Bacon's four idols examples - Peer Reviewed article for recurrent UTI - Wizard of oz story summary - Aside meaning in drama - 10 column worksheet balance sheet - Reflective writing: VARK learning style - The mask we live in discussion questions - Patrick the human resources manager at acme company - Unsw moodle log in - Preparing for future of work. - Grand valley state university pa program - International arab bank of tunisia - You burn with the brightest flame - List the strategic objectives of aggregate planning - Pseudo random number generation lab solution - Mr gustave j lesueur titanic - Pom qm version 4 download - Guide dogs coniston challenge - IDM W 3 A - Target microwave ovens prices - Writing Project 4—Annotated Cover Letter - Simnet access independent project 1 5 - Programming - Worksheet 3 solution solute solvent soluble answers - Comprehensive problem 3 chapter 11 answers - Read carefully - Assignment 2 – Develop Research Problem Statement and Design - Leccion 8 prueba a answers - Why nursing is called a profession - EASY ENGLISH 1302 ASSIGNMENT - Information systems - Nfpa 99 line isolation monitor testing - Personal selling in b2b marketing ppt - Introduction to human communication perception meaning and identity pdf - Information technology equipment safety general requirements - Week 8 – Signature Assignment: Interpret the Implications of Unethical Behavior - Topic 2 DQ 2 - Bridge to terabithia lesson plans - Conveyor belt final year project - Austral bronze crane copper limited - Unit 2 interim assessment answer key - Project charter example for a wedding - Does macbeth regret killing duncan - Presentation - Cities are for humans not for cars essay - Free catering business plan template - Pale vented bush hen - Hp power manager 4.2 exploit - Kip r irvine assembly language pdf