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

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%

Statistics about an economy that help you understand the condition of its economy

• Standard of Living

• Economic Indicators

• Life Expectancy

• Literacy Rate

The number of unemployed people as a percentage of the labor force

• unemployment rate

• GDP

• GDP per capita

• Inflation

To be extremely poor, living without enough money or means of support.

• GDP

• Life expectancy

• Poverty

• GDP per capita

A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

• GDP

• Nominal GDP

• Unemployment rate

• CPI (consumer price index)

The rate of inflation is most commonly measured by use of

• a price deflator

• the GDP deflator

• the consumer price index

• all of the above