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If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $7 dollars each. This information would be useful for which measurement of economic activities?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
Department stores report monthly to the state commerce office its total sales of goods and services. This information would be useful for which measurement of economic activities?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
More companies are experiencing record high production and adding new employees. Also, wages and the rate of GDP are increasing significantly. Which phase of the business cycle does this report describe?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
GDP measures a country’s economic output during:
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
A report covering four quarters about the economy includes that more companies are experiencing less production and reducing the number of employees. Which phase of the business cycle does this report describe?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
Mary is proud of saving over $43,000 in a bank. She knows that her saving money at the bank will provide funds for others to borrow money. This information would be useful for which measurement of economic activities?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
Due to decreasing enrollment in a local school system, fewer teachers as employees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities?
Labor Activities
Consumer Spending
Investment Activities
GDP
Recession
GDP per capita
one year
Prosperity
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