GDP is the total market value of:

To avoid multiple counting in national income accounts, only:

The largest component of GDP is:

GDP in an economy is $11,050 billion. Consumer expenditures are $7,735 billion, government purchases are $1,989 billion, and gross investment is $1,410 billion. Net exports are:

Gordon James is a person who sells narcotics on the street. This type of illegal activity:

Money spent on the purchase of a new house is included in the GDP as a part of:

If the secular trend of labor productivity is 3 percent per year, the number of years that it will take for the standard of living to double will be about:

A statement that is often used to describe demand-pull inflation is:

Inflation caused by an increase in aggregate spending is referred to as:

The natural rate of unemployment:

Search and wait unemployment is another way to describe:

A worker who loses a job at a call center because business firms switch the call center to another country is an example of:

In calculating the unemployment rate, discouraged workers who are not actively seeking employment are:

In the expansion phase of a business cycle:

A recession is defined as:

The recurrent ups and downs in the level of economic activity extending over several years are a description of:

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