Nations Economic Goals

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work is an economic indicator called. Mark only one oval.

• GDP

• CPI

• Unemployment Rate

• Exports less imports

Last quarter the United States had already produced $17,414 billion in final goods and services. This economic indicator is known as. Mark only one oval.

• GDP

• CPI

• Unemployment Rate

• Exports less imports

The government has a balanced budget if federal revenues and government spending are equal in a given fiscal year. If the revenues collected are less than the government’s spending then we will have a

• Budget Surplus

• Budget Deficit

• Market Force

• Globalization

The Federal Reserve lowered the FED fund rates to increase the money supply in our economy. This has caused a decline in mortgage rates and consumers are borrowing and spending more money. This is called

• Inflationary Monetary Policy

• Deflationary Monetary Policy

• Expansionary Monetary Policy

• Contractionary Monetary Policy

The United States has had a budget deficit for years. The sum of all of the government’s past deficits minus what they have repaid is called

• National Surplus

• National Debt

• National Economy

• Balance of Payments

One U.S. dollar only equals .89 Euros. This is known as the

• Exchange Rate

• Balance of Payments

• Balance of Trade

• Global Strategy

The Federal Reserve raised the FED funds rates which caused the mortgage rates to increase and consumers stopped borrowing and spending money. This is known as

• Inflationary Monetary Policy

• Deflationary Monetary Policy

• Expansionary Monetary Policy

• Contractionary Monetary Policy

The difference between the amount of money that comes into a country and the money that goes out of it. Mark only one oval.

• Exchange Rate

• Balance of Payments

• Balance of Trade

• Global Strategy

A tax that a government places on certain imported products. Mark only one oval.

• World Trade Organization

• World Bank

• International Monetary Fund

• Trading Bloc

• Tariff

Firms agree to cooperate on certain aspects of a business while remaining competitors on other aspects, such as pharmaceutical companies sharing cancer research information while competing in selling other medicines. Mark only one oval.

• Trading Bloc

• International Monetary Fund

• World Trade Organization

• World Bank

• Strategic Alliance