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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?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
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?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
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?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
Brandon’s Towing Company added flat tire replacement services. Which economic question does this address?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
Duke Energy Power Company uses water to power the area. Which resource is Duke Energy Power using?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
Tina needs to find employment to earn an income. She applied for positions as a teacher, contractor, and coordinator. Which part of the economic decision-making process has she performed?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
Which is an example of consumers establishing demand?
natural
consumer spending
what to produce?
The purchase of iPhone applications increasing daily
recession
Identifying choices
GDP
GDP
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