WorksheetsUnit 5 Measure of Economic Performance Open Note Team Quiz
Total questions: 37
Worksheet time: 22mins
What happens to consumer and business spending when the interest rates go up?
both types of spending increase
Both types of spending decrease
consumer spending increases and business spending decrease
Business spending increases and consumer spending decreases
Which economic indicator measures the total value of all the productivity in a country in one year?
CPI
GDP
Inflation
Unemployment
What kinds of things are not hidden by GDP
cost of living
economic growth
life expectancy
pollution
How does inflation hurt borrowers?
Banks increase interest rates on loans.
Banks stop issuing loans.
Banks reduce the interest rates.
Borrowers take out too many loans.
Which economic indicator is used to measure inflation?
Nominal GDP
Real GDP
GDP
CPI
Outrageously high inflation that can exceed 100% each month
Hyperinflation
Deflation
Inflation
Core Inflation
When prices decrease steadily over a period of time
Deflation
Hyperinflation
Inflation
Stagflation
The main economic variables that affect business cycles include all of the following except:
interest rates
external events
personal savings levels
business investment levels
What is the number needed to be elected President?
260
270
269
538
The least amount of electoral votes that a state may be worth.
1
2
3
1,000,000
The color used to represent the Democratic candidate.
red
purple
pink
blue
The bigger the ___________________ of a state the more electoral votes a state receives.
trees
land
population
ceiling fans
The formula for the number of electors in each state is..
Determined by a vote
# of Representatives
# of Senators
# of Senators + # of Representatives
Why does California have more electoral votes than Texas?
California has a higher population than Texas
California had more influence in the Senate than Texas
California has a lower population than Texas
California's land area is more than Texas
In which month of the year are Presidential elections held ?
September
December
November
October
a student who just graduated from college and is waiting to start their new job is...
frictionally unemployed
structurally unemployed
technologically unemployed
cyclically unemployed
seasonally unemployed
a woman who lost her job due to a decrease in sales during a recession in the economy is...
frictionally unemployed
structurally unemployed
technologically unemployed
cyclically unemployed
seasonally unemployed
Sum of the employed and the unemployed
Employed
Unemployment
Labor Force
Individuals are unemployed due to a lack in skills that modern industries need, change in technology.
Cyclical Unemployment
Frictional Unemployment
Structural Unemployment
Seasonal Unemployment
In what year were Hispanic poverty rates the lowest?
1986
1996
2006
2016
Overall, from 1981 to 1996 poverty rates for African Americans were__________ while poverty rates for Hispanics were ________
increasing/decreasing
increasing/staying the same
staying the same/decreasing
decreasing/ increasing
In 1966 what percentage of African Americans were living below the poverty line?
32
42
46
52
Which year on the graph shows the highest poverty rate for white Americans
1976
1986
1991
2011
Poverty affects the Cognitive Process which are...
Learning, Communication, Academic Acheivement
Memory, Language, Executive Functioning
Asthma, Low Birth Rate, Pneumonia
Behavioral Delays, Developmental Delays, and human needs
True or False: Poverty does plays a part in Education
Both True and False
True
False
Neither
Which of these is not a cause of poverty in The United States
Lack of Education
lowering of nation's GDP
Location(inner cities)
racial and gender discrimination
Who creates programs to help if there is a high poverty rate or high unemployment rate?
The people
The Government
Businesses
If Bob can’t find a job because he shovels snow and it is July, he is frictionally unemployed.
True
False
Which issue is the central focus of this cartoon about Boss Tweed?
Boss Tweed wanted to retain the gold standard
Political and economic corruption in New York City was rampant
Boss Tweed was just a fictitious character that represented greed
No one could have possible known who stole the people's money
all senators were in favor of monopolists
the senate worked hard to dismantle monopolies and trusts
Monopolists and trusts dictated much of the senate's legislation
Use the political cartoon to answer the questions about the oil trusts. This cartoon portrays John S. Rockefeller as taking over the
an oil trust
world
The federal government formed the Interstate Commerce Commission to
oversee the communications industry
issue patents for new inventions
monitor railroad operations across state lines
The cartoon below was published in Puck magazine in 1883. Which issue is addressed in the cartoon?
the influence of labor unions
the excessive power of Big Business
the dangerous conditions of factory labor
Which of the following is defined as, "Positive/ambitious market conditions."
Bull Market
Bear Market
Why is it important to start investing as soon as possible?
You take less risk when you are young, so money will be safe
You have more time for your money to compound
Investing is an easy way to make quick money
Fees on investments are cheaper when you are younger
