1. Which data tell you how much the price of goods inflates over a period of time?

A. consumer price index
B. gross domestic product
C. unemployment rate
D. economic indicator

2. what does the gross domestic product measure?
A. the value of the U.S. and foreign goods during a certain time period
B. the average price of a basket of U.S. goods
C. the total market value of goods produced in the U.S. during a certain time period
D. the total market value of goods brought by the average individual during a certain time period

3. When the unemployment rates rise,
A. jobs are harder to find
B. pay is generally lower
C. more people are out of work***
D. all of the above

5. People needing and wanting more than the resources available can result in
A. numerous choices
B. prosperity
C. scarcity
D. a surplus

6. Which is more likely to happen in an inflated economy?
A. supplies of goods decrease
B. their is high unemployment
C. more goods will be produced
D. people have less money to spend

7. What is a mineral resource found in Louisiana?
A. salt
B. sulfur
C. lignite
D. All of the above

8. What is an example of a private service?
A. using the highway to get somewhere faster
B. getting your school supplies at a local store
C. books that you can check out in the local library
D. filing a police report after being a victim to a crime***

9. which of the following factors contributed to mercantilism failing in Louisiana?
A. lack of minerals such as gold and silver
B. more people than available land to buy
C. regulations that prevented smuggling
D. an increase in trade within the colonies

You're still expecting to cheat, huh?

Hey @CountryQueen did u get the answers to this test because I could really use the help

1. The correct answer is A. consumer price index. The consumer price index (CPI) measures the average change in prices of goods and services over time. It is used to track the rate of inflation and determine the purchasing power of a currency.

2. The correct answer is C. the total market value of goods produced in the U.S. during a certain time period. The gross domestic product (GDP) measures the total value of all goods and services produced within a country's borders during a specific time period. It is used as an indicator of the economic health and size of a country's economy.

3. The correct answer is C. more people are out of work. When the unemployment rates rise, it means that a greater number of people in the workforce are unemployed and actively seeking jobs.

5. The correct answer is C. scarcity. Scarcity occurs when there is a limited supply of resources relative to the demand for those resources. When people need or want more than what is available, scarcity arises, creating the need for choices and trade-offs.

6. The correct answer is D. people have less money to spend. In an inflated economy, the general price level of goods and services is rising, which reduces the purchasing power of money. As a result, people may have less money to spend on goods and services.

7. The correct answer is D. All of the above. Louisiana is known for its mineral resources such as salt, sulfur, and lignite (a type of coal). These resources are important for various industries and contribute to the state's economy.

8. The correct answer is D. filing a police report after being a victim to a crime. Private services are those that are provided by individuals or organizations in the private sector, usually for a fee. Filing a police report after being a victim to a crime is an example of a private service, as it is provided by the police department, which is a public agency.

9. The correct answer is A. lack of minerals such as gold and silver. Mercantilism is an economic theory and practice that emphasizes the accumulation of gold and silver reserves as a measure of a nation's wealth. In Louisiana, the lack of minerals such as gold and silver contributed to the failure of mercantilism, as the region did not have significant reserves of these valuable minerals.