UPDATED ACTUAL Exam Questions and
CORRECT Answers
If you want to analyze the total annual production of goods, services, and structures within a
nation, which economic figure should you reference? - CORRECT ANSWER -gross
domestic product (GDP)
Which economic indicator describes the process of generally declining prices? - CORRECT
ANSWER -deflation
Which economic system has become associated with authoritarian governments and total control
of the economy? - CORRECT ANSWER -communism
Why do economists describe the US economy as a mixed-market economy? - CORRECT
ANSWER -Citizens have economic freedoms with some government regulation.
Why does the 2010 Affordable Care Act stand as one of the most important domestic policy
plans in recent history? - CORRECT ANSWER -It provides health care coverage for
millions of Americans.
A government provides citizens with a job-training program so more people can enter a new job
field. What type of policy technique is this an example of? - CORRECT ANSWER -
Incentive
Which program provides financial protection for retiring workers? - CORRECT
ANSWER -Social Security
Which of these is an example of a domestic policy? - CORRECT ANSWER -A program
that increases local recycling rates