To measure the health of an economy, people look at the symptoms or indicators used to measure the health of an economy. The 3 main indicators include all of the following except: Gross Domestic Product, Inflation/ Consumer Price Index, Unemployment, Average Income Level
Economic Indicators- GDP

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Social Studies
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Average Income Level
2.
FLASHCARD QUESTION
Front
Gross Domestic Product includes the market value of all FINAL goods and services produced within a country during a given period of time. True or False?
Back
True
3.
FLASHCARD QUESTION
Front
Intermediate goods, used goods, and illegal goods are ____________ in a countries Gross Domestic Product(GDP).
Back
excluded
4.
FLASHCARD QUESTION
Front
Chemical fertilizers used by the farmers or cloth used by a tailor are examples of ________________________.
Back
Intermediate goods
5.
FLASHCARD QUESTION
Front
The largest spending category of GDP. This picture is a break down of all the things consumers spend their money on.
Back
Household Consumption
6.
FLASHCARD QUESTION
Front
A company putting its money towards expanding its business. An example of this would be a construction company buying new trucks and other heavy equipment to improve production.
Back
Business Investment
7.
FLASHCARD QUESTION
Front
Over half of the spending of the _______________ include programs like Medicare, Social Security & Unemployment.
Back
Government Purchases
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