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Economic indicators #2 Flashcards | StudBud
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Economic indicators #2
Economic indicators #2
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Answers
1
What do economic indicators measure
An indication of global interaction
The Health of the economy
A measure of displeasure
Global warming
2
what is GDP, inflation, unemployment and consumer confidence?
Economic indicators
A worker satisfaction survey
Trigonometry functions
Confidence builders
3
What do do you call "All the things bought and sold in a year"?
NAACP
ABC
PDG
GDP
4
Republicans like to pay for services by tax cuts that results in more tax revenue from increasing economic properity
True
False
5
Democrats tend to pay for services by tax increases
False
True
6
What is inflation?
The measure of all the things bought and sold in a year
A general increase in price
The Stock Market going up
A decrease in prices
7
An inflation rate of 2-3 % is the target inflation rate to keep an economy healthy
False
True
8
How does the government pay for Social Security, defense, pubic assistance and other things like schools and roads
By eliminating all spending
by elimination
From charging money for serices
By taxation
9
What is a "deficit"?
When the government takes in less than it spends
When inflation is defeated
When the economy recedes
When the government take in more than it spends
10
What is an ideal unemployment rate?
0%
over 10%
3-4%
over 20%
