Intro to Business Quiz

Intro To Business Quiz With Correct
Answers

Name fthe ffour feconomic findicators f- fCORRECT✅✅GDP, fUnemployment fRate,
fInflation/Deflation, fNational fDebt


At fwhich fstage fof fthe fbusiness fcycle fis fthe funemployment frate fhigh fand fspending fat
fits flowest? f- fCORRECT✅✅Depression


At fwhich fstage fof fthe fbusiness fcycle fis funemployment frate fgoing fto fdecrease fand
fspending fis fgoing fto fbe fon fthe frise f- fCORRECT✅✅Recovery


What fis fthe ffull fname ffor fthe feconomic findicator fthat fweighs fthe famount fof fgoods
fand fservices fproduced fwithin fthe fUnited fStates fin fa fgiven ftime fperiod? f-
fCORRECT✅✅Gross fDomestic fProduct


What ftype fof fresources fare ftangible, fsuch fas fbuildings, fequipment, fand fmachinery,
fand fare fused fto fproduce fother fgoods fand fservices? f- fCORRECT✅✅Capital
fResources


What ftype fof fresources fare fknowledge fand fskills fof fpeople? f- fCORRECT✅✅Human
fResources


What fdoes fGDP fstand ffor? f- fCORRECT✅✅Gross fDomestic fProduct

What fis fthe funemployment frate? f- fCORRECT✅✅Shows fthe famount fof fpeople fwho
fare funemployed fin fa fcountry


What ftype fof feconomy fis fbased fon fideas fpassed fdown fthrough fgenerations? f-
fCORRECT✅✅Traditional


Which ftype fof feconomic fsystem fbases ftheir fproduction fon fsupply f& fdemand? f-
fCORRECT✅✅Free fMarket


What ftype fof feconomy fhas fcomplete fgovernment fcontrol? f-
fCORRECT✅✅Command


What fis fthe fgeneral fincrease fof fthe fcosts fof fgoods fand fservices? f-
fCORRECT✅✅Rate fof fInflation


Which feconomic findicator ftells fus fhow fmuch fmoney fthe fUS fowes? f-
fCORRECT✅✅National fDebt