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How Are World Economies Measured? Flashcards | StudBud

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How Are World Economies Measured?

11 terms·StudBud Administration·18 plays

#Deca #Economies

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Questions 11

Answers

1
Used to compare geographic areas
Standard of Living
Market Segmentation
Psychographics
Geographics
2
How do you calculate the unemployment rate?
(# of unemployed / labor force) x 100
(labor force / # of unemployed) x 100
(labor force x # of unemployed) x 100
(# of unemployed x labor force) / 100
3
Economic measure of output per unit of input
Prosperity
Patents
Productivity
Entrepreneurship
4
High productivity can lead to (blank) profits
Greater
Expensive
Lesser
Pricey
5
Refers to and measures the domestic levels of production
Gross National Product
Distribution
Consumption
Gross Domestic Product
6
How does unemployment affect an individual?
Immediate impact on their standerd of living
Immediate impact on they're standard of living
Immediate impact on there standard of living
Immediate impact on their standard of living
7
Consumer Price Index measures
Average change over time in the prices paid by consumers
How much consumers spend yearly
How much consumers spend monthly
Average amount of money urban consumers spend in a month
8
Measures the production of any person or corporation of a country
Gross National Product
A ruler
Productivity
The CEO
9
When the general level of prices is rising we call that
Elevation
All of the above
Deflation
Inflation
10
What could be considered a key factor in measuring a country's standard of living?
Average disposable income
Average disposable outcome
The president
Fast food
11
A cause of inflation is
Increase in money supply and fall in production
Decrease in money and fall in production
Increase in money supply
Fall in production