10. GDP that ignores inflation when measured is called: (1 Point) O Yearly GDP O Real GDP O Fiscal GDP O Nominal GDP 11. Underground economies does NOT include activities that: (Select all that apply) * (1 Point) O are reported by non-profit organizations O involve earth excavation, such as mining O are reported by the government O go unreported because they are illegal12. The lowest point of a business cycle is called the O Trough 0 Recession 13. is the total amount of goods and services that producers will provide at each and every price level. * (1 Point) 0 Aggregate Supply 0 Aggregate Demand 0 Total Demand 0 Absolute Demand Macroeconomics | Grade 12 14. The best measure of economic growth is: * (1 Point) O how much its population increases O how much nominal GDP is increasing the amount of money a nation has O how much real GDP is increasing 15. Which of the following occur during contractions: (Select all that apply) (1 Point) Production cutbacks O Scarce resources High Employment Levels Falling prices16. Macroeconomic equilibrium occurs when: (Select all that apply) 1* (1 Point) Q When Aggregate Demand is equal to aggregate supply O Aggregate Demand and Aggregate Supply intersect 0 Aggregate Demand shifts to the right C] Aggregate Supply shifts to the left 17. When aggregate demand increases at all price levels, the economy goes into *- (1 Point) O Contraction O Trough 0 Peak 0 Expansion 18. Adopting a new technology that can reduce production costs will lead to all of the following except * (1 Point) O Business supply higher quantities at each price level 0 Allow expansion to occur 0 Decrease Unemployment 0 Increase Unemployment