Mkt. App - 1.11.3 Economic Indicators and Trends

What is the definition of Inflation?

• A rise in the general price level of goods and services over time.

• A decrease in the supply of money in the economy.

• A reduction in the cost of living for all citizens.

• A sudden increase in employment rates.

Which term is defined as 'A decrease in the general price level of goods and services'?

• Deflation

• Inflation

• Stagflation

• Reflation

What is an example of Interest Rate?

• A bank charges 6% interest on a car loan.

• A store offers a 10% discount on shoes.

• A company increases salaries by 5%.

• A restaurant adds a 15% tip to the bill.

Which economic indicator is described as 'The percentage of people who want to work but can’t find jobs'?

• Unemployment Rate

• Inflation Rate

• GDP Growth Rate

• Interest Rate

What does GDP stand for and what does it measure?

• Gross Domestic Product; it measures the total value of all goods and services produced in a country in a year.

• Gross Domestic Price; it measures the total population of a country.

• General Domestic Product; it measures the total exports of a country.

• Gross Development Product; it measures the total value of imports in a country.

Match the following economic terms to their correct definitions:

• The total value of all goods and services produced in a country in a year.

• Inflation

• A decrease in the general price level of goods and services.

• Unemployment Rate

• The percentage charged to borrow money or earned when saving money.

• Interest Rate

• The percentage of people who want to work but can’t find jobs.

• Deflation

• A rise in the general price level of goods and services over time.

• Gross Domestic Product (GDP)