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