unit+two--measurements+of+economic+performance

=
Topics may include: GDP, GNP, NGDP, RGDP, Consumption, Investment, Government Purchases, Net Exports, Employment, Unemployment, Business Cycle, Types of Unemployment, Inflation, CPI, Interest Rates ======

13. Nominal Interest Rate
=

21) The most frequently used price indexes are:
i. Producer Price Index (PPI)

24) Which of the following types of unemployment exist even with zero cyclical unemployment:
i. Frictional unemployment

a) Frictional Unemployment- Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers.


d) Seasonal Unemployment- Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers.


d) America's GNP system was ineffective.
e) This reflects nothing important. It was simply a change