Which of the following factors is NOT typically considered when analyzing economic trends?
Inflation rate
Unemployment rate
Stock market performance
Population density
#2
What term describes the situation where the demand for goods and services exceeds supply, leading to rising prices?
Inflation
Recession
Deflation
Stagflation
#3
What is the term for a situation where the economy experiences a prolonged period of decline in economic activity, typically characterized by falling GDP and rising unemployment?
Boom
Expansion
Depression
Stagnation
#4
Which of the following best describes the concept of 'outsourcing' in the context of career trends?
Hiring employees from diverse backgrounds
Delegating tasks to external vendors or contractors
Promoting internal employees to higher positions
Offering flexible work hours to employees
#5
What is the primary purpose of Gross Domestic Product (GDP) in analyzing economic trends?
To measure the total value of goods and services produced within a country
To measure the total income earned by a country's residents
To measure the total amount of money circulating in the economy
To measure the total government spending in a country
#6
What economic indicator measures the average change in prices paid by consumers for a basket of goods and services over time?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Producer Price Index (PPI)
Unemployment Rate
#7
Which of the following is NOT a potential benefit of globalization on careers and economic trends?
Increased access to a wider range of products and services
Greater opportunities for international collaboration
Reduced income inequality
Access to a larger pool of talent for businesses
#8
What term describes a situation where a country's currency loses value relative to other currencies, making imports more expensive and exports cheaper?
Appreciation
Depreciation
Stagnation
Inflation
#9
Which of the following best describes the term 'structural unemployment'?
Unemployment caused by fluctuations in the business cycle
Unemployment caused by mismatches between the skills of workers and the requirements of available jobs
Unemployment caused by individuals voluntarily leaving their jobs
Unemployment caused by automation and technological advancements