GDP and Inflation (Infographic Information)

Currency value of all _____________ goods and services produced _________________ in a given period

• final, within a country

• final, outside a county

• extra, within a country

• expensive, outside a country

GDP Shows

• Measure of a nation’s economic growth from one period

  to the next

• Measure of a nation’s job growth from one period

  to the next

• Measure of a nation’s interest rates from one period

  to the next

• Measure of a nation’s tax system growth from year to year

What is GDP?

• Gross Domestic Product

• Get Duties Prior

• Gross Department Power

• Gross Duties Peer

Business spending on physical capital, new homes, and inventories is counted in which component of GDP?

• consumption

• investment

• imports-exports

• government spending

What type of GDP is calculated with the current year's prices?

• Nominal GDP
• Real GDP
• GDP per capita

High levels of GDP per capita indicate...

• Higher levels of happiness 
• Higher standard of living
• Equal levels of wealth 
• Self-sufficient communities

Tanks and roads belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

• Consumption Expenditures
• Investment Expenditures
• Government Expenditures
• Net Imports

Which of the following is the best measurement of a country's living standard?

• Nominal GDP

• Real GDP

• GDP per capita

• Real GDP per capita

What is the total value of all final goods and services produced in the economy calculated using the prices of a selected base year?

• Nominal GDP

• Real GDP per capita

• Real GDP

• GDP per capita

Food purchases, vacations, haircuts, clothing,

movies, etc

Example of ...

• Investment

• Consumption

• Government

• Net Exports