Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. real
B. coincident
C. long-term
D. short-term
Answer: B
Economics
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Any point outside the production possibilities frontier is called
A) unobtainable. B) full employment. C) unemployment. D) inefficient.
Economics
Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion. We can conclude that:
A. GDP in 2010 is $450 billion. B. NDP in 2010 is $450 billion. C. GDP in 2010 is $500 billion. D. inventories in 2010 fell by $50 billion.
Economics