A) General Data Point B) Global Distribution Process C) Growth and Development Protocol D) Gross Domestic Product
A) Gini coefficient B) Income distribution ratio C) GDP D) Palma ratio
A) A composite statistic of life expectancy, education, and per capita income indicators B) An index tracking animal species diversity C) A measure of human height distribution in a country D) A measurement of individual happiness levels
A) The government control of all economic activities B) Equal distribution of wealth among all citizens C) The state of unequal access to social and economic resources D) The lack of personal responsibility for one's life
A) The rate at which money changes hands within an economy B) The movement of financial markets C) The transfer of wealth generation to generation D) The ability of an individual to improve their economic status over time
A) The amount of money people must pay for not working B) The number of people receiving government assistance C) The percentage of people who are unemployed and actively seeking jobs D) The ratio of employed vs. retired individuals
A) Scarcity B) Overflow C) Abundance D) Surplus
A) Economic growth is an increase in the output of goods and services in a country, while economic development includes improvement in living standards, infrastructure, and overall well-being B) Economic growth is a short-term increase in profits, while economic development is the long-term sustainability of an economy C) Economic growth is a government policy, while economic development is a business strategy D) Economic growth only focuses on industry growth, while economic development includes social welfare
A) The impact of inflation on interest rates B) The relationship between labor and leisure choices C) The relationship between tax rates and tax revenue D) The choice between public and private goods
A) Federal Discount Interest Calculator B) Federal Deposit Insurance Corporation C) Foreign Direct Investment Certificate D) Financial Data and Information Center
A) Corporate Profit Indicator B) Consumer Price Index C) Consumption and Production Index D) Cost per Item
A) Absolute Advantage B) Specialization C) Marginal Utility D) Comparative Advantage
A) Downsizing B) Offshoring C) Outsourcing D) Shutdown
A) Equilibrium B) Scarcity C) Elasticity D) Surplus
A) Savings Rate B) Unemployment Rate C) Gini Coefficient D) Interest Rate
A) The same pay for the same job regardless of gender B) The average wage of both genders C) The difference in earnings between men and women in the workforce D) The additional pay women receive for equal work
A) Deflation B) Inflation C) Stagflation D) Recession
A) The ability to compare prices of similar products in different countries B) When a country produces goods or services at a lower opportunity cost than other countries C) The measure of how much a product is demanded in comparison to others D) The advantage a monopoly has over other firms
A) Monopsony B) Monopoly C) Oligopoly D) Perfect Competition
A) Profit Margin B) National Debt C) Trade Balance D) Budget Deficit |