Econ Core PF, S&D, Fed, Macro

Econ Core PF, S&D, Fed, Macro

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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41 questions

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1.

FLASHCARD QUESTION

Front

Consumer spending (personal consumption expenditures) include: all commodities that business firms buy, the purchase prices paid for stocks and bonds by individual households, the construction of residential housing, all goods and services bought by households.

Back

all goods and services bought by households.

2.

FLASHCARD QUESTION

Front

All final goods and services that make up GDP can be expressed in the form:

Back

GDP = C + I + G + Net Exports.

3.

FLASHCARD QUESTION

Front

The unemployment rate equals the number of persons: unemployed divided by the number in the labor force.

Back

unemployed divided by the number in the labor force.

4.

FLASHCARD QUESTION

Front

Inflation can be seen in, and is reflected by, an increase in: average price of goods in the CPI basket.

Back

average price of goods in the CPI basket.

5.

FLASHCARD QUESTION

Front

A good way to measure standard of living is by calculating: the economic growth rate, the inflation rate, the unemployment rate, per capita GDP

Back

per capita GDP

6.

FLASHCARD QUESTION

Front

If the prices of many products _______, inflation is present.

Back

rise

7.

FLASHCARD QUESTION

Front

CPI stands for

Back

Consumer Price Index

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