Standard C

Question 1

What is a standard group of goods called?

Answer 1

“Market Basket”

Question 2

How does the census take part in calculating unemployment?

Answer 2

When the government does a census monthly of about 50,000 families they are asked about their employment status during that month.

They take those numbers , divides the number of people unemployed by the number of people in the civilian labor force and then times that by 100.

Question 3

GDP is a measure of a nation’s economic ____ and ____.

Answer 3

Output; income