POB 1.02

Match it! Select the correct answer from the pull down...Good luck!

A company purchased a wrapping machine that wraps a pallet of boxes in 30 seconds. To complete the same task manually, it would take 3 minutes. Which econonomic activity is this?

Mary has saved $43,000 in her bank. She knows that saving money will provide funds for others to borrow. This would be useful to measure which economic activities?

A report about the economy says that companies are having high production and adding new jobs. Also, wages and the GDP are increasing. Which phase of the business cylce is this

When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities?

With decreased enrollment in a school system, less teachers are needed. Therefore 100 teachers are released from their jobs. This measures which economic activities?

If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities?

Depression, Prosperity, Recession, and Recovery describe what?

In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $17 dollars each. This information measures which economic activity?