Economic Indicators

The three macroeconomic goals are (choose three)

• Steady Economic Growth

• The Law of Supply and the Law of Demand

• Full Employment

• Stable Prices

Steady Economic Growth is measured with

• Saving and Investing

• The Stock Market

• GDP (Gross Domestic Product)

• Fiscal Responsibility

Stable Prices are measured with

• CPI (Consumer Price Index)

• The Stock Market

• Saving and Investing

• Haberdashery

Full Employment is measured with

• Growth and Industry

• GDP (Gross Domestic Product)

• Checks and Balances

• The Unemployment Rate

Which measure of GDP adjusts for inflation

• Nominal GDP

• Real GDP

• Per Capita

• Gross Domestic Product

The calculation for GDP is

• GDP= C+I(G)+Xn

• GDP= C<I+G+Xn

• GDP= C-I+G+Xn

• GDP= C+I+G+Xn

Match the following

• Net Exports (Exports - Imports)

• Xn

• Consumer Spending

• C

• Government Spending

• G

• Business Investment

• I

What three items are included in GDP

• Cars made in the US and sold in Mexico

• The bricks to make a home

• The meal at Raising Canes

• A new factory to build Honda motorcycles

These are not included in GDP (Choose All that apply)​ ​ (a)   ​ (b)   ​ (c)   ​ ​ (d)  

• Intermediate Goods
• Used Goods
• Babysitting
• Things you do not pay tax on
• New Cars
• Finished Products
• A meal at Raising Canes

How many Macroeconomic Goals are there? ​ (a)   ​ ​

• three
• two
• one