AnswersFL-2106020-MJ Civics Advanced BFederal Budget

Measuring the Economy Answers

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1
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What is the definition of GDP, or gross domestic product?

A
the quantity and quality of goods and services available in a country
B
the rate that compares what is being produced to what is used to make it
C
the total value of all finished goods and services produced in a country in a specific time period
D
the rate of people in the labor force who do not have jobs as a percentage of those who do
2
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Review the table, which provides unemployment figures.

Question illustration
A
White Americans
B
Black or African Americans
C
Asian Americans
D
Hispanic or Latino Americans
3

What is the definition of standard of living?

A
the average educational level of people in a country
B
the average salary earned by workers in a country
C
the level of employment available in each region of a country
D
the quantity and quality of goods and services available in a country
4

To calculate the per capita rate, what should a country’s GDP be divided by?

A
the total number of people in the labor force
B
the total number of people looking for work
C
the total output of all factories and businesses
D
the total number of people living in the country
5

What input do economists most often use when calculating an economy’s productivity?

A
gross domestic product
B
gross domestic product per capita
C
total number of work hours
D
total wages of all workers
6

Hoshi has a business making custom skateboards. To make each board, she needs seven layers of thin maple wood, glue, varnish, graphics, wheels, grip tape, and hardware. These supplies cost her $75 per board. She sells each board for $150.

A
$2
B
$75
C
$150
D
$225
7

What does a productivity rate compare?

A
what different goods and services can be sold for
B
what is being produced to what is used to make it
C
what it costs to produce various goods and services
D
what consumers want versus what producers provide
8

Which action would directly affect the GDP of the United States?

A
Hakeem trades his binoculars for a camera at a swap meet.
B
Chara orders a sari from India to wear for a special occasion.
C
Ana buys a new car manufactured in the United States.
D
Raul finds a new job after being unemployed for a month.
9

Why do economists monitor GDP over a length of time?

A
to determine changes in the size and health of the economy
B
to determine changes in how many people are looking for work
C
to determine changes in quantity and quality of goods and services
D
to determine changes in the rate at which something is produced
10

What makes up most of the GDP of the United States?

A
unemployed workers
B
goods from other countries
C
employees’ work hours
D
consumer spending
11

The data set represents the number of miles Mary jogged each day for the past nine days.6, 7, 5, 0, 6, 12, 8, 6, 9What is the outlier of the data?

A
0
B
6
C
7
D
12
12

What do economists mean by unemployment?

A
the state of any person who is not working in a job that pays wages
B
the state of people who do not have a job, but are actively looking for work
C
the state of people being replaced by robots or other forms of automation
D
the state of people being employed in one or more low-paying jobs
13

The interquartile range of the data set is 4.2, 2, 3, 3, 4, 5, 5, 6, 7, 9, 12Which explains whether or not 12 is an outlier?

A
Twelve is an outlier because it is greater than the sum of 7 and 4.
B
Twelve is an outlier because it is less than the sum of 7 and 6.
C
Twelve is not an outlier because it is greater than the sum of 7 and 4.
D
Twelve is not an outlier because it is less than the sum of 7 and 6.
14

The box plots compare the number of students in Mr. Ishimoto’s classes and in Ms. Castillo’s classes over the last two semesters.Which statement is true about the box plots? Select three options.Both box plots show the same range.Both box plots show the same interquartile range.The data for Mr. Ishimoto has an outlier.Mr. Ishimoto had the class with the greatest number of students.The smallest class size was 24 students.

Question illustration
A
Both box plots show the same range.
B
Both box plots show the same interquartile range.
C
The data for Mr. Ishimoto has an outlier.
D
Mr. Ishimoto had the class with the greatest number of students.
E
The smallest class size was 24 students.
15

The box plot compares the number of events that Mrs. Cai’s and Mr. Roland’s classes won over the last 10 years on the school’s field day.Based on the data in the box plots, what is the best evidence to show which class has had greater success on field day over the last 10 years?

Question illustration
A
Mrs. Cai’s class was more successful because her interquartile range was less spread out.
B
Mrs. Cai’s class was more successful because she had the greater total spread.
C
Mr. Roland’s class was more successful because his class always won at least one event.
D
Mr. Roland’s class was more successful because his class’s lower quartile was the same as Mrs. Cai’s class’s upper quartile.
16

Marcus makes birdhouses, which he sells online. He can make three birdhouses a day. What is the best way for him to increase his productivity?

A
increase the sale price of each of his birdhouses
B
decrease the number of materials used in his birdhouses
C
increase the number of online advertisements he posts
D
decrease the amount of time it takes to make each birdhouse
17

Which statement is true about the box plots?

Question illustration
A
Both the ranges and the interquartile ranges for the data sets are the same.
B
Neither the ranges nor the interquartile ranges for the data sets are the same.
C
The interquartile ranges for the box plots are the same, but their ranges are different.
D
The ranges for the box plots are the same, but their interquartile ranges are different.
18

A variety of two types of snack packs are delivered to a store. The box plots compare the number of calories in each snack pack of crackers to the number of calories in each snack pack of trail mix.Which statement is true about the box plots?

Question illustration
A
The interquartile range of the trail mix data is greater than the range of the cracker data.
B
The value 70 is an outlier in the trail mix data.
C
The upper quartile of the trail mix data is equal to the maximum value of the cracker data.
D
The number of calories in the packs of trail mix have a greater variation than the number of calories in the packs of crackers.
19

Suppose that the US has a GDP of $20 trillion and US workers spend 256 billion hours working each year. Based on these numbers, economists calculate that US workers produce $78 of finished goods and services for every hour worked.

A
The hourly dollar figure would increase slightly.
B
The hourly dollar figure would decrease slightly.
C
The hourly dollar figure would stay the same.
D
The hourly dollar figure would be reduced to $0.
20

The box plot represents the number of minutes customers spend on hold when calling a company.What is the upper quartile of the data?

Question illustration
A
3
B
5
C
6
D
8

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