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MT445 Unit 9 Review

MT445 Unit 9 Review
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MT445 / MT 445
Managerial Economics
Kaplan University (KU Campus)

William A. McEachern
Economics: A Contemporary Introduction, 8e
Hoboken, NJ: John Wiley & Sons.

Unit 9: National Economy, Circular Flow, and Economic Statistics

Unit 9 Review / Quiz Answers

1. Gross Domestic Product equals the (Points: 1)

2. Which of the following is not considered a component of investment when calculating GDP? (Points: 1)

3. Which is true of leakages and injections in the circular flow? (Points: 1)

4. Because of activity in the underground economy, (Points: 1)

5. The consumer price index measures changes in (Points: 1)

6. The unemployment rate is the (Points: 1)

7. Which of the following people would be classified as unemployed? (Points: 1)

8. Frictional unemployment refers to unemployment that results from (Points: 1)

9. If the aggregate demand curve shifts rightward, (Points: 1)

10. The Consumer Price Index measures the cost of (Points: 1)



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