Which is the largest component of GDP?

What do you need to be counted for GDP?

Which is the government granting tax breaks to corporations with the hopes of preserving jobs?

Which is the practice of moving jobs to other countries to reduce manufacturing costs?

Which is a market with only one supplier and no close substitutes?

Which is an organization of workers who seek better working conditions and wages?

How many dollars would be recorded in 1998 GDP?

How many dollars would be recorded in 2000 GDP?

How many dollars would be recorded in 2002 GDP?

What was the inflation rate in the economy from 1990-2000?

From 2000-2010 what was the increase in Nominal GDP?

From 2000-2010 what was the increase in Real GDP?

Between which years were there more goods produced?

Why is there such a difference between Real and Nominal GDP from 2000-2010?

Between what years was inflation the highest?

Between what years was inflation the lowest?

Which year had the highest prices?

Which year had the lowest prices?

How does inflation affect your purchasing power?

Which is the law that gave workers the right to organize and collectively bargain?

Which type of tax takes a greater percentage of income from low income earners? (ex. sales tax)

Which type of tax takes the same percentage from all income earners?

If you are 16 and filled out a job application, how would you be classified?

If you are unable to find a job, so you quit looking until after the summer months, how would you be classified?

As winter begins, most lifeguarding jobs are reduced. What type of unemployment is this?

Your work is shifting production overseas to a foreign country. What type of unemployment is this?

After Christmas, inventory is reduced. What type of unemployment is this?

Your position is being replaced by robots. What type of unemployment is this?

If you quit your job and move to Las Vegas to find better employment, what type of unemployment is this?

You lose your job as the economy is suffering from a recession. What type of unemployment is this?

You just graduated High School and are filling out job applications. What type of unemployment is this?

How many people in Tonawanda would be considered unemployed?

How many people make up Tonawanda's workforce?

How many people are considered 'discouraged workers'?

What phase of the business cycle is characterized by the highest prices and lowest unemployment?

What is the relationship between inflation and unemployment?

Which group is in control of and regulates our currency and banking system?

Which tax takes a greater percentage of money from high income earners (ex. income tax)?

Which federal entitlement program provides monthly payments to people who are retired?

If the economy were in a recession, what would the government do with taxes?

If the Economy were in a recession, what would the government do with government spending?

If the economy were in a recession, what would the Federal Reserve do with the reserve requirement?

If the economy were in a recession, what would the Federal Reserve do with the discount rate?

If the economy were in a recession, what would the Federal Reserve do with open market operations?

If the economy was experiencing inflation, what would the government do with taxes?

If the economy was experiencing inflation, what would the government do with government spending?

If the economy was experiencing inflation, what would the Federal Reserve do with the reserve requirement?

If the economy was experiencing inflation, what would the Federal Reserve do with the discount rate?

If the economy was experiencing inflation, what would the Federal Reserve do with open market operations?

An example of the ability-to-pay principle of taxation is:

An item provided by the government that they believe would be good for culture and the arts is a:

A good provided by the government that can equally be utilized by all people in a country is a:

An example of the benefits-received principle of taxation is:

The most dependable tool of fiscal policy is:

The total borrowing of the federal government over the years is called:

When the amount of spending exceeds the amount of taxes collected for a single year, it is called:

The largest portion of government spending is on:

This type of tax claims those who are most able to, have the money, should pay the taxes:

This type of tax claims those who use a good or service should pay the taxes:

If a news headline says, "3 months of consecutive job losses is impacting consumer confidence."

Where on the business cycle is the current economy?

Which of the following is an expansion, or recovery?

Which of the following is a recession, or contraction?

Interest rates are increasing, inflation is increasing, unemployment is falling and consumer confidence is strong. What point of the economic cycle is this economy experiencing?

Total of all the nation's borrowing to finance deficits

If operators are fired and replaced with computer technology, the operators would be considered

a period of significant decline in the economy usually lasting longer than 6 months

when people change jobs or enter the workforce

Sally has stopped looking for a job after 6 months of being laid off. She is considered..