stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Key Economic Indicators Flashcards | StudBud
Explore
/
Key Economic Indicators
Key Economic Indicators
17 terms
·
StudBud Administration
·
150 plays
Imported from external platform
Flashcards
17 cards
F
Practice quiz
P
Host live
L
Questions
17
Answers
1
The main factor affecting Aggregate Supply is
Factors of Production
Government Spending
Aggregate Demand
Consumer Income
2
Which of the following is an example of a nondurable good?
car
refrigerator
subway sandwich
textbook
3
Which of the following is not a factor of GDP?
Consumer saving
Business spending
Government Spending
Consumer spending
4
When Aggregate Supply increases, price levels ___________ while GDP _________.
both decrease
increases, decreases
decreases, increases
both increase
5
When Aggregate Demand decreases, price levels and real GDP both
Decrease
Increase
6
500,000 people working, 35,000 looking for a job,16,000 retired. What's the unemployment rate?
6.5%
.065%
65%
.65%
7
Which of the following is not one of the Key Economic Indicators?
Inflation
GDP
Unemployment
CPI
8
The total amount of goods and services that consumers want in an economy is
Supply
Aggregate Demand
Demand
Aggregate Supply
9
Just before the economy begins a recovery, it has reached the
trough
expansion
peak
contraction
10
Which of the following would be included in GDP?
Subway sandwich
sandwich you bought from your friend
Sandwich made in Mexico and sold in cafeteria
Bread purchased to make your Subway sandwich
11
2013 market basket cost $980, 2014 $1000. What is Inflation rate?
3%
2%
4%
5%
12
Healthy rate of economic growth during normal times would be
5-6%
2-3%
1-2%
3.5-4.5%
13
No one under the age of _____ is included in the civilian labor force.
14
16
18
12
14
The downside of the business cycle is called the:
peak
contraction
expansion
trough
15
A healthy rate of inflation would be
0-1%
1.5-2.5%
3.5-4.5%
5%
16
Who is NOT included in the Labor Force?
Anyone over the age of 16 looking for a job
My neighbor who works at Coke
Me as a teacher at JCHS
My grandma living in a retirement home
17
The CPI measures
the wealth of the nation
the size of the nations wallet
the price of the market basket
the inflation rate
