Which statement most accurately describes Germanys labor force quizlet?

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Terms in this set (10)

The graph shows date for the years 2010 through 2012.

Which might be a better title for this graph?

Total Exports for the United States and China

The graph shows merchandise export date for the years 2010 through 2012.

Which statement most accurately describes the information presented on the graph?

China exported more goods than the United States from 2010 to 2012.

Which unemployment rate do most economists consider to be acceptable?

5 percent

Which describes a factor that limits economic growth?

having low internal demand

The circle graph shows the GDP in Germany for 2012.

Which sector of Germany's economy had the highest GDP?

services

An increase in gross domestic product (GDP) is a sign that a country's economy is

growing

The map shows GDP per capita in the United States for a given year.

What conclusion can someone draw from the map?

States with the lowest per capita GDP tend to be in the South.

These circle graphs show information about Bolivia's workforce and GDP.

What do the graphs indicate about Bolivia's labor force?

Many people in Bolivia work in agriculture.

Economic growth takes place when a country

produces more goods and services
(?)

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Check all that apply.

Structurally unemployed (4),
Unemployed (6)

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Which correctly describes a country's labor force?

Which correctly describes a country's labor force? A country's labor force consists of those employed and unemployed.

Which statement most accurately describes GDP?

Which statement MOST accurately describes GDP? GDP is the market value of all finished goods and services produced within a country in a given year.

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Labor productivity measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

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Which statement best describes the circular flow model? The model represents the movement of money and resources throughout the economy.