Economic Indicators

_______ is the total value of goods produced, and services provided by a country for one year, equal to the gross domestic product plus the net income from foreign investments​.

• Gross National Product

• Inflation

• Gross Domestic Product

• Productivity

________ is the rate at which goods are produced or work is completed. ​

• Inflation

• Deflation

• Gross Domestic Product

• Productivity

_______ is reduction of the general level of prices in an economy​.

• Deflation

• Inflation

• Productivity

• Unemployment

_________ is when a person who is actively searching for employment is unable to find it​.

• Productivity

• Inflation

• Unemployment

• PPI (Producer Price Index)

________ is a general increase in prices and fall in the purchasing value of money​.

• Inflation

• Productivity

• Productivity

• CPI (Consumer Price Index)

_________ is the total value of goods produced, and services provided in a country for one year.

• CPI (Producer Price Index)

• GNP (Gross National Product)

• PPI (Producer Price Index)

• GDP (Gross Domestic Product)

________ is an index of the variation in prices paid by typical consumers for retail goods and service​s.

• Inflation

• GDP (Gross Domestic Product)

• Productivity

• CPI (Consumer Price Index)

________ measures the average change in selling prices received by domestic producers of goods and services over time.​

• Deflation

• PPI (Producer Price Index)

• GNP (Gross National Product)

• Inflation

What are the two measures of inflation in the United States?

• CPI and PPI

• GDP and GNP

• GDP and PPI

• GNP and CPI

What is considered low inflation and good for the economy?

• 10-20%

• 1-5%

• 30-50%

• Under 60%