1. Which data tell you how much the price of goods inflates over a period of time?

Question

A. consumer price index
B. gross domestic product
C. unemployment rate
D. economic indicator

2. what does the gross domestic product measure?
A. the value of the U.S. and foreign goods during a certain time period
B. the average price of a basket of U.S. goods
C. the total market value of goods produced in the U.S. during a certain time period
D. the total market value of goods brought by the average individual during a certain time period

3. When the unemployment rates rise,
A. jobs are harder to find
B. pay is generally lower
C. more people are out of work***
D. all of the above

5. People needing and wanting more than the resources available can result in
A. numerous choices
B. prosperity
C. scarcity
D. a surplus

6. Which is more likely to happen in an inflated economy?
A. supplies of goods decrease
B. their is high unemployment
C. more goods will be produced
D. people have less money to spend

7. What is a mineral resource found in Louisiana?
A. salt
B. sulfur
C. lignite
D. All of the above

8. What is an example of a private service?
A. using the highway to get somewhere faster
B. getting your school supplies at a local store
C. books that you can check out in the local library
D. filing a police report after being a victim to a crime***

9. which of the following factors contributed to mercantilism failing in Louisiana?
A. lack of minerals such as gold and silver
B. more people than available land to buy
C. regulations that prevented smuggling
D. an increase in trade within the colonies

Answer 1

What are your answers? We'll be glad to check them for you. If all these questions have you stumped, I'd suggest you read your text materials to find the answers.

Answer 2

I've read all the material over nod over again and I still can't figure it out @reed

Answer 3

Both of your answers are wrong. And since you've read the material over and over, this class must be too hard for you. Drop it and take an easier class.

Answer 4

I don't need to drop this class I have good grades in this class it's just this one lesson that I have a problem with so don't tell me that I need to drop this class when I don't all I need is help @Ms.Sue

Answer 5

If you do not know what the consumer price index is, and it is not defined in your text materials, Google it. We can provide you with links for each of these questions, but you can do it for yourself. In question 8, where your answer is wrong, what is a PRIVATE service compared to a PUBLIC service. How is a PUBLIC service defined? One operated by a private business or one funded by the public through taxes? Sometimes you have to THINK, too. Are the police, libraries, and highways privately owned or supported by the public and owned by the public? THINK.