Multiple Choice
In the United States over the past 40 years,the
A) labor force participation rate has remained relatively constant and the unemployment rate has trended upwards.
B) both the unemployment rate and real GDP have tended to increase.
C) labor force participation rate has fallen and real GDP has increased.
D) unemployment rate has fluctuated and the labor force participation rate has risen.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: GDP is defined as<br>A) gross demanded prices.<br>B)
Q2: The circular flow model shows that GDP
Q4: At full employment,<br>A) real GDP equals potential
Q5: In the United States,over time GDP<br>A) stays
Q6: The difference between nominal GDP and real
Q7: A significant decline in activity spread across
Q8: Comparing the unemployment rate and the business
Q9: In the expenditure approach to measuring GDP,the
Q10: The labor force is defined as<br>A) all
Q11: The accumulated loss of output that results