What is unemployment rate?

people who are willing to work but can't find a job

What does inflation rate tell us?

the cost of living is getting more expensive

What do changes in GDP show?

used to gauge standard of living

What does unemployment rate tell us?

If economy is picking up or slowing down

What are economic indicators?

figures used to measure a countries economic performance

total value of goods and services in a year

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Economic Indicators

15 termsStudBud Administration290 plays

#Economics

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Questions 15

Answers

1
Unemployment rate is the number of people who don't want a job
you right
true
false
???
2
What is unemployment rate?
people who are willing to work but can't find a job
people who don't want to work
people who have jobs but don't want them
people who don't have jobs
3
What does inflation rate tell us?
prices rise
prices decrease
the cost of living is getting more expensive
the cost of living is getting less expensive
4
US has the highest GDP
false
true
Bee movie
true dat
5
Inflation rate indicates cost of living
wrong
true
tru
false
6
What does GDP stand for?
Gross Drawing Paper
Good Dog Pictures
Gross Domestic Product
Growing Domestic Product
7
War happens when supply is greater than demand
??
phone a friend
false
true
8
Unemployment rate is the most important indicator
idk
true
tru
false
9
What do changes in GDP show?
most important indicator
whether an economy is picking up or slowing down
used to gauge standard of living
indicates the cost of living
10
How do you measure student performance
SAT
GPA
all of the above
class rank
11
What are causes of inflation?
too much money in circulation
all of the above
war
price of imports
12
What do economic indicators measure?
nothing
how much money a county produces
whether a country's economy is growing
both c and d
13
What does unemployment rate tell us?
supply < demand
all goods and services
If the cost of living is getting more expensive
If economy is picking up or slowing down
14
What are economic indicators?
tell you what kind of economy your country has
total value of goods and services produced
figures used to measure a countries economic performance
increase in price of goods and services
15
What is GDP?
total value of goods and services in ten years
total value of goods and services in two years
total value of goods and services in a year
total value of goods and services in a month

Economic Indicators Flashcards | StudBud