Working as a welder on a production line is an example of a __________ job.

blue-collar

What is a certificate of incorporation?

a license to form a corporation

The "market basket" used by the Bureau of Labor Statistics to calculate prices is comprised of

goods and services for a typical urban consumer.

Why would an investor buy a junk bond?

Junk bonds pay higher interest.

Why would a company hire temporary workers?

They provide greater flexibility.

When determining labor force statistics, a person who once looked for work but has given up looking for a job is considered

outside the labor force.

What is the difference between real GDP and nominal GDP?

Real GDP is based on constant prices; nominal GDP is based on the current year's prices.