Economic Indicators

Which is not an economic indicator

• GDP
• Inflation rate
• Law of supply and demand
• Unemployment rate

If the prices of many products _______, inflation is present.

• pull
• rise
• fall
• remain the same

1.  What does the acronym GDP stands for? 

• Gross Domestic People 
• Gross Domestic Product
• Great Depression Prices 

Which of the following is not a component of the business cycle?

• expansion
• recession
• peak
• decline

During times of economic recession the unemployment rate usually

• stays around 25%.
• stays the same.
• increases.
• decreases.

The Consumer Price Index (CPI)

• consists of items a typical 18-year old might buy for himself or herself.
• uses a representative market basket to calculate current price levels in an economy.
• is equal to 200 in whichever year is considered the base year.
• only increases during times of economic expansion.

What is the percentage of the cost of a loan or investment account?

• interest rate
• inflation
• deflation
• GDP

Standard of Living is

• The GDP per capita

• A rise in prices

• The number of people not working

• Gross Domestic Product

Productivity is

• The number of people employed by a company

• How many products a country makes

• The level of output created per unit of input

During economic expansion or recovery, GDP will

• Decrease

• Increase

• Remain the same

• Produce