2.if the government uses tax money to pay for long-term Investments such as roads or other infrastructure what happens to the ec
onomy.? A- investment decreases B- investment increases C- taxes increase D- taxes decrease 3. what is 1 way to measure technological progress? A- any increases in capital minus increases in labor B- any increases in labor minus increases in capital C- total growth plus increases and capital and labor D- total growth minus increases in capital and labor 4. what is the labor productivity? A- the total number of workers in an economy B- the amount of output produced per worker C- the total amount of work produced in an economy D- the average training per worker 5. how can a trade deficit actually increase the productivity of an economy? A- by causing people to save B- by building up a large amount owed C- by importing funds used for Capital deepening D- by importing goods for short term use 6. real GDP. A- distorts the price level in the GDP B- expresses GDP in constant prices C- measures only intermediate Goods D- is another term for GNP 7. the average of all prices in the economy is the A- aggregate supply B- aggregate demand C- price level D- gross national product 8. what is a business cycle? A- a period of increased economic growth B- a period of economic growth followed by economic contraction C- the amount of time it takes a business to produce its products D- a dangerous time for all businesses 9. the period in a business cycle when real GDP stops falling is A- expansion B- Peak C- contraction D- trough 10. what is a recession A- it. When real GDP Falls for at least 6 months B- a long and severe depression C- a very mild and short expansion D- a. a period of when the economy is neither expanding nor Contracting
Answer: The correct sequence is 2.- B 3.- D 4.- B 5.- C 6.- B 7.- C 8.- B 9.- D 10.- A
Explanation: 2.- When there is government investment there is more money in the economy and more investment. 3.- That's the formula 4.- it is a ratio 5.-Productivity can be increased by bringing new machinery for example as new capital that comes into the economy. 6.-constant prices incorporate the variation of inflation. 7.-that is the definition 8.-that is exactly what a business cycle is expansion and contraction. 9.-Peak is when it is going down afterwards, though is when it is going up afterwards. 10.- If GDP is falling for 6 months it is a recession
The Intolerable Acts were a series of laws passed by the British Parliament in the mid-1770s. The British instated the acts to make an example of the colonies after the Boston Tea Party, and the outrage they caused became the major push that led to the outbreak American Revolution in 1775.
