SSEMA1

Which is NOT one of the three key indicators?

• GDP growth
• CPI
• Unemployment Rate
• per capita GDP

Which is NOT a way to measure economic health?

• How much more consumers bought 
• How much more our economy produced this year
• How many can't find work
• The rate prices are rising

Which is missing part of the definition for GDP?

The market value of _____ produced within a country in a certain period of time.

• All manufactured goods

• All intermediate goods & services

• Everything purchased

• All final goods & services

Which is BEST for comparing countries?

• straight GDP
• per capita GDP
• GDP growth
• regional GDP

What is they key element of the definition for unemployment?

• You must've been unemployed for over a week.
• You can't have been fired from your job.
• It can be either a part-time or full-time job you left.
• You must be out of work and looking for another job.

If a nation's GDP growth rate is .03% and dropping, the CPI is 1.1% and dropping, and the unemployment rate is 8.7% and climbing, which stage is this nation most likely at?

• A
• B
• C
• D

Macroeconomics is the study of

• Big economic theories
• An entire economy
• Supply & demand
• The opportunity cost of everything

Which is the correct part of the formula (C+I+G+X_N) for figuring out GDP?

• Consumer supply
• Interest earned
• Government spending
• Next year's exports

Which is used as a key indicator of economic health?

• straight GDP
• per capita GDP
• GDP growth
• Aggregate GDP

CPI does NOT measure...

• The growth in output of an economy.
• Rises in prices.
• How much G/S cost now compared to before.
• Inflation.