Question 12 When gross domestic product (GDP) increases, national income _________ and national output __________. is unaffected; is unaffected increases; increases decreases; decreases increases; is unaffected is unaffected; decreases Question 13 Which of the following are types of unemployment? frictional, structural, and practical practical, structural, and cyclical frictional, rational, and structural cyclical, practical, and natural frictional, structural, and cyclical Question 14 An example of a person who is not in the labor force is someone who is unemployed. under the age of 16. employed on a part-time basis. already employed or actively seeking work. already employed on a full-time basis.

12) Where there is rise in the Gross domestic product (GDP) of the nation, its national product and…

Answered: Question 12 When gross domestic…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 12

When gross domestic product (GDP) increases, national income _________ and national output __________.

is unaffected; is unaffected
increases; increases
decreases; decreases
increases; is unaffected
is unaffected; decreases

Question 13
Which of the following are types of unemployment?
1. frictional, structural, and practical
2. practical, structural, and cyclical
3. frictional, rational, and structural
4. cyclical, practical, and natural
5. frictional, structural, and cyclical
  
  Question 14
  An example of a person who is not in the labor force is someone who is
  
  unemployed.
  
  under the age of 16.
  
  employed on a part-time basis.
  
  already employed or actively seeking work.
  
  already employed on a full-time basis.

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