Since 1929

question 28

Multiple Choice

Since 1929,

• A)the U.S. price level has fallen while real GDP rose
• B)U.S. real GDP has grown at about the same rate as nominal GDP
• C)U.S. employment increased while utilization of capital declined
• D)the U.S. price level has doubled, despite eight recessions
• E)real GDP per capita jumped sixfold

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Definitions:

Secondary Data

Information that has been previously collected and analyzed by other researchers, often used as a basis for new research, saving time and resources.

In-Depth Interviews

A qualitative research technique involving detailed, personal interviews to gain in-depth understanding of an individual's perspectives.

Qualitative Data

Data that approximates or characterizes but does not measure the attributes, characteristics, properties, etc., of a thing or phenomenon. Qualitative data describes qualities or characteristics that are observed but not measured.

Survey

A systematic means of collecting information from people that generally uses a questionnaire.