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Plz help! Thanks! What is counted in GDP? Buying a three year old car on craigsl

ID: 1143504 • Letter: P

Question

Plz help! Thanks!

What is counted in GDP? Buying a three year old car on craigslist Buying groceries at the store Working at your job Buying wood for a table you will make at your carpentry business Babysitting your little sister The state with the highest unemployment as of November 2013 is Alaska Mississippi Rhode Island North Dakota The idea behind a gift society is You can produce what you like and give away the excess the more you have, the better We all require money to be motivated to produce anything we would be better off with no laws at all In general, it seems that unemployment tends to... Increase with age Decrease with age Increase with education Be unrelated to age The degree with the lowest unemployment in 2012 was Doctoral degree Professional degree No degree Master's degree GDP can be used to (imperfectly) measure The income of an average person within a country The air and water quality of a country How much time off people within a country enjoy, measured in dollars The well-being or standard of living of a country Which of the following would demonstrate structural unemployment? You are a Wall Street investor but find that computers can be programmed to make decisions faster and more accurately than you and work at a lower cost You answered telephones for a living and your job has been outsourced to India Your boss caught you sleeping at work and fired you You flip hamburgers and until a machine is invented that does that job better You are a farm worker and planting season just ended so now you have no work You dislike your boss and decide to quit to find another The degree with the highest median pay in 2012 was Professional degree Master's degree Doctoral degree No degree The unemployment rate as of March 2007 is 4.4 Money is Anything generally accepted in exchange for goods and services Gold, silver, or other metals, but not paper because paper does not really have any value. Used to facilitate trade The core of a "Greed-based" economic system GDP measures The intrinsic value of goods The true value of goods The implicit value of goods The market value of goods The natural rate of unemployment is 4.65% frictional + structural unemployment the long-run sustainable amount of unemployment When cyclical unemployment = 0 The unemployment rate for married men as of November 2013 is % (just enter the number, not the %) The value of a bachelor's degree relative to a high school degree, based on data from 2012, was about $ __ per year (just enter the number, without the $) A problem with barter is goods can be cumbersome to trade directly due to size and longevity (for example, cattle die). it allows people to trade directly it requires a mutual coincidence of wants only the rich have the ability to barter Mexico is a pure free market purely traditional economy purely centrally planned economy mixed economy The unemployment rate for men 25 and over as of November 2013 is % (just enter the number, not the %) The state with the lowest unemployment as of November 2013 is North Dakota Alaska Rhode Island Mississippi In a traditional economic structure people produce what the government tells them to people consume what the government tells them to people cannot survive people generally produce what they make The unemployment rate as of November 2013 is __ % (just enter the number, not the %) 7.0 The unemployment rate as of November 2011 is 8.6 The unemployment rate for women 25 and over as of November 2013 is __ % (just enter the number, not the %) 1.9

Explanation / Answer

4) increase with age



5) no degree


6) the income



7) you boss caught you sleeping at work

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