Question

2.if the government uses tax money to pay for long-term Investments such as roads or other infrastructure what happens to the economy.?
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 1

2. B
3.D
4.B
5.C
6.B
7.C
8.B
9.D
10.D

Answer 2

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