1 / 26

Economic Activity

2. Economic Activity. 2-1 Measuring Economic Activity 2-2 Economic Conditions Change 2-3 Other Measures of Business Activity. LESSON 2-1 Measuring Economic Activity. Goals Define gross domestic product. Describe economic measures of labor.

thyra
Télécharger la présentation

Economic Activity

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. 2 Economic Activity 2-1 Measuring Economic Activity 2-2 Economic Conditions Change 2-3 Other Measures of Business Activity

  2. LESSON 2-1Measuring Economic Activity Goals • Define gross domestic product. • Describe economic measures of labor. • Identify economic indicators for consumer spending. Chapter 2

  3. Key Terms • Gross Domestic Product (GDP) • GDP per capita • unemployment rate • productivity • personal income • retail sales Chapter 2

  4. GROSS DOMESTIC PRODUCT (GDP) • Components of GDP • Comparing GDP Chapter 2

  5. Comparison of GDP in Selected Countries Chapter 2

  6. >> C H E C K P O I N T What types of economic activities are not included in GDP? Chapter 2

  7. LABOR ACTIVITIES • Employment • Productivity Chapter 2

  8. >> C H E C K P O I N T What are ways to increase productivity? Chapter 2

  9. CONSUMER SPENDING • Personal income • Retail sales Chapter 2

  10. >> C H E C K P O I N T What are the main sources of personal income? Chapter 2

  11. 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

  12. business cycle prosperity recession depression recovery inflation price index deflation Key Terms Chapter 2

  13. THE BUSINESS CYCLE • Prosperity • Recession • Depression • Recovery Chapter 2

  14. >> C H E C K P O I N T What are the four phases of the business cycle? Chapter 2

  15. CONSUMER PRICES • Inflation • Causes of inflation • Measuring inflation • Deflation Chapter 2

  16. >> C H E C K P O I N T What are the main causes of inflation? Chapter 2

  17. INTEREST RATES • Types of interest rates • Changing interest rates Chapter 2

  18. >> C H E C K P O I N T How do interest rates affect business activities in our economy? Chapter 2

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

  20. Key Terms • capital project • stock • bond • budget surplus • budget deficit • national debt Chapter 2

  21. INVESTMENT ACTIVITIES • Personal savings • The stock market • The bond market Chapter 2

  22. >> C H E C K P O I N T Name some examples of capital projects. Chapter 2

  23. BORROWING • Government debt • Business debt • Consumer debt Chapter 2

  24. >> C H E C K P O I N T What is the cause of a budget deficit? Chapter 2

  25. FUTURE ECONOMIC CHALLENGES • Limited access to health care • Need for proper housing for many people • Traffic and crime • Unemployment Chapter 2

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

More Related