Econ Final project

Front

What is the definition of inflation?

Back

Rising general level of prices

Front

Is inflation an increase or decrease in price?

Back

Increase

Front

What are the four components of GDP?

Back

Consumer spending, Business investment, Government spending, and Net Exports

Front

GDP(Y) = C + I + G + ( _ - _ )?

Back

X-M

Front

True or False? The most commonly used measurement for inflation is Consumer Index Price.

Back

True

Front

What does GDP stand for?

Back

Gross Domestic Product

Front

What are the two best ways to look at inflation over time? Options: GDP and CPI, Inflation rate and Price index, Product price and selling price, GDP and product price

Back

Inflation rate and Price index

Front

True or false? inflation decreases GDP

Back

True

Front

What is macro economics the study of?

Back

The whole economy