
Econ Final project

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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9 questions
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1.
FLASHCARD QUESTION
Front
What is the definition of inflation?
Back
Rising general level of prices
2.
FLASHCARD QUESTION
Front
Is inflation an increase or decrease in price?
Back
Increase
3.
FLASHCARD QUESTION
Front
What are the four components of GDP?
Back
Consumer spending, Business investment, Government spending, and Net Exports
4.
FLASHCARD QUESTION
Front
GDP(Y) = C + I + G + ( _ - _ )?
Back
X-M
5.
FLASHCARD QUESTION
Front
True or False? The most commonly used measurement for inflation is Consumer Index Price.
Back
True
6.
FLASHCARD QUESTION
Front
What does GDP stand for?
Back
Gross Domestic Product
7.
FLASHCARD QUESTION
Front
What are the two best ways to look at inflation over time? Options: GDP and CPI, Inflation rate and Price index, Product price and selling price, GDP and product price
Back
Inflation rate and Price index
8.
FLASHCARD QUESTION
Front
True or false? inflation decreases GDP
Back
True
9.
FLASHCARD QUESTION
Front
What is macro economics the study of?
Back
The whole economy
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