Economists build economic models by

An example of cyclical unemployment is a(n):

a. textile worker permanently laid off due to job lost to imports. b. autoworker who is temporarily laid off due to a decline in demand for cars. c. engineer permanently laid off due to advances in technology. d. computer programmer who leaves one job and accepts a new job.

Doctor Green grows cucumbers for home consumption. That activity is: a. excluded from GDP to avoid double counting

b. excluded from GDP because an intermediate good is involved. c. excluded from GDP because no market transaction occurs. d. included in GDP because it reflects production.