Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


In 2006, output per capita in the United States was approximately equal to: $43,800
By the end of the 1990s, many people argued that the United States had entered a New Economy. Which of the following was considered a characteristic of the New Economy when compared to previous economic conditions? all of the above: sustained higher growth, lower unemployment, and lower inflation
The standard of living typically refers to output per capita
By 2006, the U.S. trade deficit as a percentage of U.S. output was approximately equal to: 6%
In February 2007, former chairman of the Fed, Alan Greenspan, put the probability of a U.S. recession at: 33%
Economists have suggested that the relatively higher unemployment in Europe has been caused by which of the following? inadequate macroeconomic policies
Which of the following countries had the lowest level of output per capita in 2006? Spain
At what point could the Euro be used as currency? January 1 2002
In 2006, output per capita in China was approximately equal to: $2,100
Inflation represents: an increase in the aggregate price level
Between 2006 and 2008, the annual rate of output growth in China was approximately equal to: 10%
Which of the following explains the relatively high growth rate of output in China since 1980? a transition from central planning to a market economy
Fill in the blank for the following: GDP is the value of all _____ produced in a given period. final goods and services
When using the income approach to measure GDP, the largest share of GDP generally consists of: labor income
For this question, assume that 1980 is the base year. Given macroeconomic conditions in the United States over the past three decades, we know that: real GDP and nominal GDP were equal in 1980.
Suppose nominal GDP increased in a given year. Based on this information, we know with certainty that: either real output or the price level (GDP deflator) have increased.
Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to: 0%
Hedonic pricing is the process of pricing individual characteristics of a good or service
In a given year, suppose a company spends $100 million on intermediate goods and $200 million on wages, with no other expenses. Also assume that its total sales are $800 million. The value added by this company equals: $700 million.
A firm's value added equals: its revenue minus its cost of intermediate goods.
Created by: jessreed



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards