Rounding All the Way Is

question 163

Multiple Choice

Rounding all the way is:

• A) usually not as accurate as rounding to a specific place value.
• B) always gives a new value that is higher than the original number.
• C) always gives a new value that is lower than the original number.
• D) not possible with some numbers.

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Definitions:

Cyclical Unemployment

Unemployment attributed to the cyclical trends in the economy, typically increasing during recessions and decreasing during expansions.

Recovery Phase

A stage in the economic cycle where economic activity picks up and GDP starts to rise again after a period of decline or recession.

Prosperity Phase

A stage of the business cycle in which economic activity is growing, leading to higher levels of employment, income, and production.

Recession Phase

is a period of temporary economic decline during which trade and industrial activities are reduced, typically identified by a fall in GDP in two successive quarters.