Economic Indicators

Which of the following is the economic indicator that explains why prices increase over time?

• Inflation

• Unemployment

• Gross Domestic Product

• Standard of Living

Which of the following economic indicators is the total sum of all products produced and sold within a countries border in a given year?

• GDP

• Unemployment

• Inflation

• None of the above

The quality of life is also called?

• Inflation

• Standard of Living

• Unemployment

• Gross Domestic Product

Labor productivity has to do with

• Unemployment

• standard of living

• how many people are working

• the amount of work an employee can get done in a one hour unit time span

A healthy economy aims to do all of the following EXCEPT

• Increase Productivity

• Decrease unemployment

• Decrease standard of living

• Stabilize Prices

What is a normal inflation rate?

• 1-3%

• 5-7%

• 7-9%

• 10-12%

Can standards of living vary within a single country?

• No

• Yes

What is Mrs. Loop's favorite color

• Green

• Purple

• Orange

• Yellow