1 / 43

Define 2-3 key terms page 44

Define 2-3 key terms page 44. 02/06/2013 Starter. Chapter 2 Measuring economic activity. 1.02 ~ Economic activities and conditions. GROSS DOMESTIC PRODUCT (GDP). The total dollar value of all final goods and services produced in a country during one year.

anastasia-mosley
Télécharger la présentation

Define 2-3 key terms page 44

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Define 2-3 key termspage 44 02/06/2013 Starter

  2. Chapter 2Measuring economic activity 1.02 ~ Economic activities and conditions

  3. GROSS DOMESTIC PRODUCT (GDP) • The total dollar value of all final goods and services produced in a country during one year. • http://www.bbc.co.uk/news/business-13200758 Chapter 2

  4. Components of GDP Chapter 2

  5. NOT Included in GDP NOTE: If GDP increases from year to year, this usually signals that an economy is growing and is healthy. Chapter 2

  6. GROSS DOMESTIC PRODUCT (GDP) • Decision-Making Strategies, #31-32, Page 50 in textbook Chapter 2

  7. GDP per capita

  8. Measuring economic activities

  9. LABOR ACTIVITIES Chapter 2

  10. Labor Activities ~ Employment Chapter 2

  11. Labor activities ~ Productivity Chapter 2

  12. CONSUMER SPENDING Chapter 2

  13. CONSUMER SPENDING Chapter 2

  14. >> C H E C K P O I N T • Unemployment/GDP mapping activity. • You are to label the blank US map with the following information: • Unemployment rate per state • GPD per capita per state • Answer the following question based on your map: • What correlation can you see between the unemployment rates and the GDP per capita? Chapter 2

  15. >> C H E C K P O I N T 2-1 Assessments, #1-3, page 37 Chapter 2

  16. >> C H E C K P O I N T A cosmetic company purchased an automatic wrapping machine that wraps a pallet of boxes in 30 seconds. To complete the same task manually, it would take an employee almost 3 minutes. This information would be useful for which measurement of economic activities? 1-Consumer spending 2-GDP 3-GDP per capita 4-Labor activities Chapter 2

  17. >> C H E C K P O I N T Due to decreasing enrollment in a local school system, fewer teachers as employees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities? 1-Consumer spending 2-GDP 3-GDP per capita 4-Labor activities Chapter 2

  18. >> C H E C K P O I N T In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $7 dollars each. This information would be useful for which measurement of economic activities? 1-Consumer spending 2-GDP 3-GDP per capita 4-Labor activities Chapter 2

  19. LESSON 2-3Other Measures of Business Activity Chapter 2 Goals Discuss investment activities that promote economic growth. Explain borrowing activities by government, business, and consumers. Describe future concerns of economic growth.

  20. Investment Activities Chapter 2

  21. Investment Activities, cont’d. Chapter 2

  22. Personal Savings Chapter 2

  23. The Stock Market Chapter 2

  24. The Bond Market Chapter 2

  25. Borrowing activities Chapter 2

  26. Government Debt Chapter 2

  27. Government Debt, cont’d. The total amount owed by the federal government is called the national debt. Chapter 2

  28. BUSINESS Debt Chapter 2

  29. Business debt, cont’d Chapter 2

  30. Consumer debt Chapter 2

  31. Consumer debt, cont’d Chapter 2

  32. FUTURE ECONOMIC CHALLENGES Chapter 2

  33. >> C H E C K P O I N T 2-3 Assessment, #1-3, page 47 Chapter 2

  34. >> C H E C K P O I N T If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities? • Consumer Spending • GDP • Investment Activities • Labor Activities Chapter 2

  35. >> C H E C K P O I N T When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities? • Consumer Spending • GDP • Investment Activities • Labor Activities Chapter 2

  36. >> C H E C K P O I N T Department stores report monthly to the state commerce office its total sales of goods and services. This information would be useful for which measurement of economic activities? • Borrowing • Consumer Spending • Investment Activities • Labor Activities Chapter 2

  37. >> C H E C K P O I N T Mary is proud of saving over $43,000 in a bank. She knows that her saving money at the bank will provide funds for others to borrow money. This information would be useful for which measurement of economic activities? • Borrowing • Consumer Spending • Investment Activities • Labor Activities Chapter 2

  38. LESSON 2-2Economic Conditions Change Goals • Describe the four phases of the business cycle. • Explain causes of inflation and deflation. • Identify the importance of interest rates. Chapter 2

  39. THE BUSINESS CYCLE • Our economy has its ups and downs; seems to run in cycles • Good times Bad times Good times • This movement of the economy from one condition to another and then back again is called a Business Cycle. • Four phases Chapter 2

  40. Prosperity • Employment rate and demand for products and services are high. • Businesses continue making profits. • Recession • Unemployment rate is increasing and demand for products and services are lowering. • Businesses must strategize to stimulate demand for products & services. • Recovery • Unemployment rate is lowering and demand for products and services is increasing. • Business may increase human capital. • Depression • Unemployment rate is high and demand for products and services is lowering. • Businesses try to maintain profits or break even to avoid going out of business.

  41. CONSUMER PRICES Chapter 2

  42. Chapter 2

  43. >> C H E C K P O I N T Chapter 2 What are future economic concerns for a country’s economy?

More Related