WorksheetsMacro Economics Vocabulary Pre-Test
Total questions: 13
Worksheet time: 7mins
Currency Value of all final goods and services produced within a country's borders.
GDP
Inflation
Aggregate Demand
Imports
Currency value of all final goods and services produced within a country's borders minus the effects of inflation
GDP
Real GDP
Investment
Consumption
A general rise in the price level of an economy
Real GDP
Standard of Living
Inflation
Aggregate Supply
Dollar value of all goods and services purchased by households.
Investment
Consumption
Government Spending
Net Exports
Dollar value of all goods and services purchased by business for the purpose of using in their business.
Aggregate Supply
Exports
Government Spending
Investment
Dollar value of all goods and services purchased by the various agencies of the United States.
Government Spending
GDP Per Capita
Imports
Exports
Dollar value of all goods and services produced in the United States and shipped to other countries MINUS the value of the goods and services imported from other countries.
Standard of Living
Inflation
Net Exports
Consumption
The amount of goods and services ALL buyers in the economy are willing/able to buy at all the possible price levels.
Aggregate Supply
Aggregate Demand
Investment
GDP
The amount of goods and services ALL buyers in the economy are willing/able to sell at all the possible price price levels.
Aggregate Supply
Aggregate Demand
Consumption
Investment
Currency value of all final goods and services produced within a country's borders divided by the population.
Standard of Living
Real GDP
Exports
GDP Per Capita
Goods and services produced in other countries, then brought to the United States in exchange for currency.
Exports
Imports
GDP
Investment
Goods and services produced in the United States, then sent to other countries in exchange for currency.
Exports
Imports
GDP
Investment
Intangible concept that seeks to represent a country's level of economic prosperity. Correlates with GDP Growth
Standard of Living
GDP Per Capita
Real GDP
GDP
