Chapter 5 1. The civilian labor forop consists of all thee I people in the coonomy who are not retired b. people in the economy over 16 years of age cladults in the coonomy between 18 and 65 years old who are able to work d. noninstitutionalized adults in the economy who hold jobs or are looking for them c. citizens in the coogonly who are graduates of high school 2. Boonomists usually use the term "recession" to refer to; a. any slowdown in the growth of GDP b. rero real GDP growth c. two or more consecutive quarters of declining nal GDP d a reduction in nominal GDP lasting more than six months 3. Economic growth is measured by the annual percentage Increase in a nation's level of L. Domind GOP C. real GDP deflator d. economic indicators 4. Suppose the index of leading economic indicators begins to decline for several months Which of the following economic events will likely follow? at a rootssion b. severe inflation greater employment d. higher investment