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Economic Indicators, Business Cycle, Monetary and Fiscal Policy
Flashcard
•
Social Studies
•
10th - 11th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
72 questions
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1.
FLASHCARD QUESTION
Front
What is the definition for GDP?
Back
The market value of all final goods and services produced in a nation during a period of time, usually a year.
2.
FLASHCARD QUESTION
Front
What is the definition for inflation?
Back
The increase of general prices over time.
3.
FLASHCARD QUESTION
Front
What is the definition for unemployment?
Back
When people do not have jobs and are actively looking for one.
4.
FLASHCARD QUESTION
Front
What is the ideal (healthy) rate for GDP?
Back
2-4%.
5.
FLASHCARD QUESTION
Front
What is the ideal (healthy) rate for Inflation?
Back
Below 3%
6.
FLASHCARD QUESTION
Front
What is the ideal (healthy) rate for Unemployment?
Back
Below 5%
7.
FLASHCARD QUESTION
Front
How is GDP calculated? Options: C + I + G + (X - M), C - I - G - (X + M), C + I + G (X - M), I + G + C (M - X)
Back
C + I + G + (X - M)
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