Suppose that a large number of workers were laid off last November and none of them have found new jobs. As these workers give-up looking for work, they become _____, and the unemployment rate _____.

Year Bag of Chips Pints of Guacamole Price of aBag of Chips Price of a Pint of Guacamole 2016 (base) 28 15 $1.50 $3.00 2017 32 18 $1.50 $3.20 2018 34 18 $1.70 $3.30 In the table above, total economic production and price data is provided. Suppose that chips and guacamole are the only two final goods produced in this economy. The inflation rate in 2018 is approximately ____.

Suppose that the productivity of labor increases. As a result, the _____ curve shifts _____, and the wage rate _____.

Suppose that the economy is experiencing a recessionary gap. This means that Real GDP is currently ____ than Potential GDP. In the long run, we can expect the wage rate to ____, and Real GDP to ____.

CPI calculations ignore online purchases and purchases from big box stores. Which of the following CPI biases does this cause?

Suppose that Apple is an American company, and that Samsung is a South Korean company. Which of the following would count in the Korean GDP and the Korean GNP?

Please match 

All of the following are adaptations to endurance exercise training EXCEPT:

When there is inflation, Nominal GDP will increase by ____ than Real GDP, because Nominal GDP ____ the effect of inflation.

When calculating GDP according to the Expenditure Approach, the value of government assistance to needy families ____ included, because these payments are referred to as _____.