Economics Lesson 3 Spring 2023 Warm-up

Which economic indicator corresponds to this definition?

" A monetary measure of the market value of all the final goods and services produced in a specific time period"

• Business Confidence Index

• Interest rate

• Gross Domestic Product

• Inflation rate

Which economic indicator corresponds to this definition?

"The difference between the monetary value of a nation's exports and imports over a certain time period"

• Unemployment rate

• Trade balance

• Prime rate

• GDP per capita

Which economic indicator corresponds to this definition?

"A survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation"

• Business Confidence Index

• Interest rate

• Consumer Confidence Index

• Unemployment rate

Give 3 words to describe an UPWARD movement

Give 3 words to describe an DOWNWARD movement

Give 2 ADVERBS that can be used to describe trends

What does fluctuation look like? Draw it!