ECON 202 ECON202 Quiz 1 with Answers (American Public University)

ECON 202 ECON/202 ECON202 Quiz 1 (APUS)

1. What are the two critical measures of a nation's economic health?
2. Depreciation is
3. Social security payments are examples of
4. Transfer payments are excluded from government purchases in GDP accounting because
5. Economists define the labor force to include
6. Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called
7. The economy needs some unemployment to operate efficiently, because without it
8. Economic expansions might lead to inflation because an expansion leads to
9. The value of a dollar