Core-Based Statistical Areas (CBSAs)are Economic Reporting Units Used by the Census

question 79

True/False

Core-based statistical areas (CBSAs)are economic reporting units used by the Census Bureau.

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Definitions:

Recession

A brief spell of economic backslide, with a noted reduction in commerce and industrial production, usually spotted by a fallen GDP in two consecutive quarters.

Employment

A relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Unemployment Rate

The demographic of the labor force that is without employment but actively hunting for work.

Capacity Utilization

A measure of how fully an economy's productive capacity is used, typically expressed as a percentage of total potential output.