GEB 3006 final exam #3 – 11 Questions and Answers
The recession in 2008 was the worst recession since - -The early 1930s
-Which of the following does not describe recent federal government fiscal policy
initiatives - -A reduction in the annual budget deficit
-A recent study shows that increases in federal regulation have a negative impact on
economic growth - -True
-The unemployment rate typically reported in the news is the U3 rate, and this rate is the
most reliable statistic when considering individuals who are under employed or who have
quit searching for a job after a period of time - -False
-The median sales price for single family homes in Florida dropped significantly between
2008 to 2010 and remains below the median prices seen in 2006 - -False
-The recent Florida unemployment rate is lower than the US average unemployment rate -
-True
-Florida's population is expected to continue to grow and drive economic growth due to - -
All the above (Retirees moving in, more births than deaths and Int'l job seekers)
-Which Florida sector is expected to have the highest average annual growth rate from
2018-2021 - -Construction
-With respect to the Q2 2018 forecast for Florida population growth from 2018-2021
where does Orlando rank? - -Number 2
-Many Florida construction jobs were lost after the recession of 2008 but those Jones are
now back and we are seeing a shortage of skilled construction workers - -True
-Which of the following is not an attribute of the recent changes in tax laws? - -Incentives
for corporations to leave cash in foreign subsidiaries
-
The recession in 2008 was the worst recession since - -The early 1930s
-Which of the following does not describe recent federal government fiscal policy
initiatives - -A reduction in the annual budget deficit
-A recent study shows that increases in federal regulation have a negative impact on
economic growth - -True
-The unemployment rate typically reported in the news is the U3 rate, and this rate is the
most reliable statistic when considering individuals who are under employed or who have
quit searching for a job after a period of time - -False
-The median sales price for single family homes in Florida dropped significantly between
2008 to 2010 and remains below the median prices seen in 2006 - -False
-The recent Florida unemployment rate is lower than the US average unemployment rate -
-True
-Florida's population is expected to continue to grow and drive economic growth due to - -
All the above (Retirees moving in, more births than deaths and Int'l job seekers)
-Which Florida sector is expected to have the highest average annual growth rate from
2018-2021 - -Construction
-With respect to the Q2 2018 forecast for Florida population growth from 2018-2021
where does Orlando rank? - -Number 2
-Many Florida construction jobs were lost after the recession of 2008 but those Jones are
now back and we are seeing a shortage of skilled construction workers - -True
-Which of the following is not an attribute of the recent changes in tax laws? - -Incentives
for corporations to leave cash in foreign subsidiaries
-
