1. The underground-"Shadow Economy" and environmental quality issues as well as individual well-being and happiness concerns are considered shortcomings of current GDP data analytics.

true or false

2. Service employment opportunity is a small part of the modern job market in the United States.

true or false

3.At "full employment" the reported rate of unemployment would be expected to equal "0" (zero).

true or false

4. The CPI (consumer price index) is the statistical measure of the price level based on the consumption patterns of a typical urban consumer of a representative shopping basket including housing; food; transportation; recreation; medical care; communication; apparel; education and other goods and services.

true or false

5.If a 1972 Ford Mustang (basic) sold for $3,950 in 1972 and the CPI then was 41.9 and the CPI today, 2017, is 243 then the present price of the Mustang would, ceteris paribus, be approximately $22,900.00 based on the rate growth in prices between 1972 and 2017.

true or false

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