WorksheetsEconomic Management terms
Total questions: 16
Worksheet time: 8mins
GDP measures the:
Total market value of intermediate goods and services produced by the citizens of a country in a given year.
Total market value of all final goods and services produced in an economy in a given year.
Change in total employment at U.S. owned firms over the course of a given year.
Change in production levels at U.S. owned firms measured quarterly.
The total value of all final goods and services produced in a country in a given year.
Gross Domestic Product
Consumer Price Index
Inflation
Unemployment
A sustained general increase in prices across an economy.
Disinflation
Consumer Price Index
Deflation
Inflation
The percentage of a nations labour force that is unemployed.
Balance of Employment
Balance of Payments
Unemployment
Employment
The government's overall approach to spending and taxes is called
Physical Policy
Fiscal Policy
Money
Monetary Policy
Fiscal Policy is controlled by...
The Government
The Federal Reserve System
The states
The Department of Commerce
Monetary Policy is an attempt to...
control the amount of money in circulation
control the Federal Government's debt
control state governments' spending
none of these answers are correct.
Who is responsible for monetary policy.
Central bank
Government
People of the country
Schools
Savings refer to:
an alternative step for future returns in the form of current income and gains
excess money deposited in the safe, money box or drawer.
additional or increased investment.
which is systematic record ofall the economic transactions between one country and rest of the world
Balance of trade
Balance of transactions
Budget
Balance of payments
What is Inflation?
Inflation is a decrease in the general level of prices
Inflation is an increase in the general level of prices
Inflation is a number that that compares prices in one year with prices with some earlier base year
What the definition of deflation?
decrease in the average price of goods and services
occurs when the price of goods and services rise
the amount one dollar can buy is reduced
This reflects those who are actively seeking employment.
full employment
unemployment rate
labor force
underemployed
What is the unemployment????
decisions to work based on each individuals' valuation of their own work
proportion of younger workers in the labor force
the situation of actively looking for employment but not being currently employed.
person who is simultaneously an income earner,
