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Economic Indicators
Business Cycle
Unemployment Government Miscellaneous
![Page 2: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/2.jpg)
The total value of goods and services
produced in a country in a given
year is
![Page 3: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/3.jpg)
Gross Domestic Product (GDP)
![Page 4: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/4.jpg)
An increase in the general cost of
goods and service
![Page 5: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/5.jpg)
Inflation Rate
![Page 6: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/6.jpg)
What is the term for figures used to
measure an economic
performace?
![Page 7: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/7.jpg)
Economic Indicators
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Full employment refers to a time
period when _____% is employed
![Page 9: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/9.jpg)
94 – 100% people are employed
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The total planned expenditures
(demand) in the entire economy is
called…
![Page 11: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/11.jpg)
Aggregate Demand
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Level of economic activity is at its
highest
![Page 13: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/13.jpg)
Peak
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People will cut back on spending during the _____
phase of the business cycle
![Page 15: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/15.jpg)
Recession/ Contraction
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The harsh economic conditions
experienced in the US during the 1930s were an example of a
_____
![Page 17: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/17.jpg)
Depression
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A rise in business activity after a recession or
depression is called ________
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Recovery / expansion
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Draw & label the business cycle on the white board
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True or False?
Unemployment is caused by
downsizing
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True
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Unemployment caused by changes
in the economic system (new
equipment, etc.)
![Page 25: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/25.jpg)
Structural unemployment
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Unemployment caused by changes
in the weather
![Page 27: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/27.jpg)
Seasonal Unemployment
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Unemployment caused by searching
for a new job
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Frictional Unemployment
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Unemployment caused by
fluctuations in the business cycle
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Cyclical Unemployment
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The total amount of money a
government owes is what?
![Page 33: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/33.jpg)
National debt
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The government gets money or income from…
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Taxes
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A measure of how well the people in
an economic system live is
called…
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Standard of Living
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Country A is currently in the expansion phase of the business cycle & country B is in the trough, which
country has the better economic indicator
results.
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Country A
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Country A’s unemployment rate is 9.3% and Country B’s is 4.5%, which country has the better economic
indicator.
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Country B
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True or FalseEvery business cycle includes a
depression
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False
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What does a business
downsizing mean for the economic
indicators?
![Page 45: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/45.jpg)
Unemployment
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A rise in unemployment & a reduction in GDP is a characteristic of what phase of the business
cycle
![Page 47: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/47.jpg)
Recession (or contraction)
![Page 48: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/48.jpg)
A measure of the average prices of
goods and services used by the average
household
![Page 49: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/49.jpg)
Consumer Price Index (CPI)
![Page 50: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/50.jpg)
When an economy becomes too productive and inflation spirals out
of control, _____ results.
![Page 51: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/51.jpg)
Hyper Inflation
![Page 52: 2 pt](https://reader036.vdocument.in/reader036/viewer/2022081604/568168c6550346895ddfb62b/html5/thumbnails/52.jpg)
JEOPARDY GAME
Great! I have the blank jeopardy file. Now, how do I create my own jeopardy game using this blank format.The hard part has been done for you--you have the easy part! Before we begin, you will need to download the
Blank Jeopardy game from the web site. Open it by clicking on it. Go to File, Save As, Save it to your Desktop or a folder.
1. Click on your Blank Jeopardy to open it in Powerpoint.2. Decide on your categories at the top. You need 5 categories.3. If you want to change the color of the font, highlight the category, click on the font color button's down
arrow and choose the color of your choice. 4. Double click in the first blank category and begin typing your first category. Continue to do this for all five
categories. Click on File, Save As to save your work. You will want to give it a name, e.g. Science ch. 5 review.
This will leave your "blank jeopardy file", blank for you to create other games.5. Go to the lower left hand corner and choose the Slide Sorter View. 6. Choose the second slide and double click on it.7. If you do not have the DRAW toolbar at the bottom of your screen, go to VIEW, Toolbars, and click on Drawing.
You should now see the Draw toolbar. 8. Click on the Text button. Click again to position the text box on your slide toward the top and in the middle.9. Begin typing your first answer.10. Double Click on slide 3, repeat step 11 and type your question. Remember the format of Jeopardy. The
answer is in the form of a question.11. Periodically, save your work by clicking on the little diskette in your menu bar. 12. Each slide is in order, going down the category e.g.: First category on the far left for 1 point is slide number
2 and 3. First category for 2 points is slide number 4 and 5 etc.13. If you want to include two "daily doubles", just change the color of the question and answer to yellow. We
included two daily doubles because we play with two teams and would like each team to have the opportunity to score a daily double. But as you know, it doesn't always work out that way!
Enjoy creating and playing Jeopardy!