Question

multiple choice questions circle the correct answer for each of the following.

1. the study of human population characteristics is called

a. population studies
b. demographics
c. census data
d. politics

1. people born in the united states between 1946 and 1964 are known as

a. baby boomers
b. baby busters
c. generation x
d. generation y

1. the government measures economic activity by calculating the

a. consumer price index
b. consumer sentiment
c. gross domestic product
d. inflation rate

1. a period of time in which the economy is shrinking is known as a

a. boom
b. stable economy
c. slide
d. recession

1. a sustained increase in the general level of prices is known as

a. recession
b. inflation
c. deflation
d. depression

1. inflation is measured by changes in the

a. gross domestic product
b. consumer sentiment index
c. consumer price index
d. recessionary inflator

1. the study of choices is often called

a. demographics
b. economics
c. recession
d. globalization

Explanation:

1. Demographics specifically focuses on human population characteristics.
2. People born between 1946 - 1964 are defined as baby boomers.
3. Gross domestic product (GDP) is a standard measure of economic activity.
4. A recession is when the economy is shrinking.
5. Inflation is a sustained increase in general price levels.
6. The consumer price index (CPI) is used to measure inflation.
7. Economics is centered around the study of choices.

Answer:

1. B. demographics
2. A. baby boomers
3. C. gross domestic product
4. D. recession
5. B. inflation
6. C. consumer price index
7. B. economics