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With decreased enrollment in a school system, less teachers are needed. Therefore 100 teachers are released from their jobs. This measures which economic activities?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
A report about the economy includes that more companies are experiencing less production and reducing the number of employees. Which phase of the business cycle is this
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
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?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
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?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
A local department store reports to the state commerce office its total sales each month. This information would be useful for which measurement of economic activity?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
Depression, Prosperity, Recession, and Recovery describe what?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
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
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities?
the business cycle
Prosperity
Consumer spending
Labor activities
Labor activities
Recession
GDP per capita
GDP
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