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$100. $100. $100. $100. $100. $200. $200. $200. $200. $200. $300. $300. $300. $300. $300. $400. $400. $400. $400. $400. $500. $500. $500. $500. $500. GDP. Business Cycles. Unemployment. Inflation. Misc. Business Cycles. GDP. Misc. Inflation. Unemployment. $100.

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$100

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  1. $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

  2. GDP

  3. Business Cycles

  4. Unemployment

  5. Inflation

  6. Misc.

  7. Business Cycles GDP Misc. Inflation Unemployment $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

  8. GDP - $100 What does GDP stand for?

  9. GDP - 200 What is GDP?

  10. GDP- $300 When the Department of Commerce analyzes production data, it faces several decisions concerning what should be included and excluded when calculating GDP. Name 1 of these factors.

  11. GDP- $400 The are 5 income measures included in the National Income and Product Accounts (NIPA). Name 1 of these.

  12. GDP- $500 The economy is made up of several different sectors. Name 1 of these.

  13. Business Cycles - $100 Definition: Large systematic ups and downs of real GDP. What is the term?

  14. Business Cycles - $200 Definition: Rise and fall of real GDP over time in a non-systematic manner. What is the term?

  15. Business Cycles - $300 There are a few phases associated with the business cycle. Name 1.

  16. Business Cycles - $400 Capital expenditures, inventory adjustments, innovation & imitation, monetary factors, and external shocks are all causes of what?

  17. Business Cycles - $500 There are two ways to predict business cycles. Name 1.

  18. Unemployment - $100 What determines if a person is unemployed?

  19. Unemployment- $200 How do you find the unemployment rate?

  20. Unemployment- $300 True of False: The unemployment rate does not have problems or limitations.

  21. Unemployment- $400 There are several different types of unemployment. Name 1.

  22. Unemployment- $500 Full-employment is reached when the unemployment rate drops below what number?

  23. Inflation - $100 What is inflation?

  24. Inflation- $200 What is the difference between real GDP and current GDP?

  25. Inflation- $300 There are three degrees of inflation. Name 1.

  26. Inflation- $400 There are many causes of inflation. Name 1.

  27. Inflation- $500 There are several consequences of inflation. Name 1.

  28. Misc. - $100 The output-expenditure model shows aggregate demand by the consumer, investment, government, and foreign sectors. What is the equation for this model?

  29. Misc. -$200 A major economic event happened in October of 1929. What was it?

  30. Misc. -$300 What is one of the limitations of unemployment?

  31. Misc. -$400 What is the equation to determine the inflation rate?

  32. Misc. -$500 A deflation is a decrease in the general price level. There were two significant deflations in the 1900s: One in the early 1920s, One in the 1930s. These deflations occurred after what two major historical events?

  33. GDP - $100 Gross Domestic Product

  34. GDP - $200 • The dollar amount of all final goods and services produced within a country’s national borders • OR – • The single most important measure of the economy’s overall economic performance.

  35. GDP - $300 -Intermediate Products -Secondary Sales -Nonmarket Transactions -Underground Economy

  36. GDP - $400 -GNP: Gross National Product -NNP: Net National Product -NI: National Income -PI: Personal Income -DI: Disposable (Personal) Income

  37. GDP - $500 -Consumer Sector -Investment (or Business) Sector -Government Sector -Foreign Sector

  38. Business Cycles- $100 Business Cycle

  39. Business Cycle - $200 Business Fluctuations

  40. Business Cycle - $300 -Recession -Expansion -Depression

  41. Business Cycle - $400 Business Cycles

  42. Business Cycles - $500 -Econometric Model -Index of Learning Indicators

  43. Unemployment - $100 -Must be available for work -Currently or recently seeking employment -Work less than 1 hour a week for pay

  44. Unemployment - $200

  45. Unemployment - $300 False The unemployment rate has many limitations.

  46. Unemployment - $400 -Frictional Unemployment -Structural Unemployment -Cyclical Unemployment -Seasonal Unemployment -Technological Unemployment

  47. Unemployment - $500 5 %

  48. Inflation - $100 A rise in the general price level.

  49. Inflation - $200 -Current GDP is equivalent to GDP. -Real GDP is when the distortions of inflation have been removed.

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