Federal Budget

Question 1

Sammi is writing a paper for an economics class and wants to compare the standard of living of two countries. How could Sammi accomplish this?

Revolt · Accepted Answer

by finding each country’s GDP and dividing it by its population

Question 2

Which statement describes how Ben can calculate the productivity of his resources?

Revolt · Accepted Answer

amount of sales divided by combined cost of yarn and booth rental

Question 3

Comparing the second month of work to his first month, Ben’s productivity

Revolt · Accepted Answer

increased.

Question 4

Which statement best describes the relationship between the unemployment rate and gross domestic product (GDP)?

Revolt · Accepted Answer

The unemployment rate usually decreases as the GDP increases.

Federal Budget Answers