gdp gdp componen ts unemploy ment monetary policy fiscal policy 10 20 30 40 50
TRANSCRIPT
GDPGDP
Components
Unemployment
Monetary Policy
Fiscal Policy
10 10 10 10 10
20 20 20 20 20
30 30 30 30 30
40 40 40 40 40
50 50 50 50 50
Question 1 - 30
• A graph that captures the GDP or the GDP growth rate of a country at various times throughout a period of years is a ___ cycle graph.
Question 1 - 40
• Which of the following is a true statement? A. Constant dollar GDP = Nominal GDPB. Constant dollar GDP = Real GDPC. Current dollar GDP = Real GDPD. Current dollar GDP = Constant dollar GDP always
Question 1 - 50
• When comparing the GDP of different years in order to analyze the real growth of output, it is best to use _____ dollars.
Question 2 - 20
• Gwen Stacy buys a pair of shoes from Kohl’s. What part of GDP would this be considered?
Question 2 - 30
• Tony Stark has bills to pay for business expenses. What part of GDP would this be?
Question 2 - 40
• Japan sends the U.S. a bunch of brand new Honda vehicles. What part of GDP would this be?
Question 3 - 10
• A decline in our economy causes Topanga to lose her job at MacDonald’s. What kind of unemployment would this be?
Question 3 - 20
• CJ Parker is a lifeguard at a beach in Indiana. Come Labor Day, CJ is out of work. What kind of unemployment would this be?
Question 3 - 30
• More people are using the self-check at Wal Mart and Fry’s. This has put a number of cashiers out of work. What kind of unemployment is this?
Question 3 - 40
• Mr. Martinez graduated from the University of Southern Indiana in May 2013. As a result, Mr. Martinez lost his position as a Resident Assistant (RA) with the university. Mr. Martinez was unemployed for a few weeks before being hired as an Economics teacher in the Yuma Union High School District. During those few weeks, Mr. Martinez was considered _____ unemployed.
Answer 3 – 50
• 16-years-old• Not in jail• Not a full time student.• You need to be looking for work.• You cannot give up on finding a job.
Question 5 - 10
• If Fiscal Policy is trying to close a recessionary gap, what type of fiscal policy is it?
Question 5 - 20
• If the economy is in an inflationary period, would Fiscal Policy increase OR decrease taxes?