Taking the Economy's Temp

What are economic indicators?

• indicators of how much money the economy is losing

• instruments used to measure economic activity

What are the four economic indicators?

• gross domestic product

• growth rates

• employment rates

• unemployment rates

• inflation rates

Which of the four economic indicators provides a good overall picture of how much economic activity there is within a country

• gross domestic product

• growth rates

• unemployment rates

• inflation rates

Gross domestic product is the sum of what four things?

• private consumption

• government spending

• investment

• net value of exports

• unemployment rate

Type the formula for measuring GDP. (HINT: Please type the formula exactly as it is in the content)

What is an additional growth indicator that can measure economic activity?

Which of the four economic indicators tells us the percentage of workers who are out of work?

• gross domestic product

• unemployment rate

• inflation

• growth rates

Which of the four economic indicators refers to the increase in prices that occurs over a period of time?

• gross domestic product

• growth rate

• unemployment rate

• inflation

Inflation reduces the value of money, but what else can it impact?

• savings

• interest rates

• banking jobs

• investments

TRUE OR FALSE: Inflation in one country can have a greater impact on economies around the world.

• True

• False