GDP/Business Cycle
Presentation
•
Social Studies
•
9th - 12th Grade
•
Medium
Carie Barry
Used 19+ times
FREE Resource
1 Slide • 16 Questions
1
2
Drag and Drop
Supply and demand
Gross Domestic Product and unemployment
Inflation and interest rates
3
Drag and Drop
Analyzing individual consumer behavior
Calculating market prices
Predicting stock market trends
4
Multiple Choice
What are the three economic goals of policy makers?
Economic growth, low unemployment, and stable prices
High inflation, high interest rates, and high taxes
Government control, income inequality, and international trade
Consumer spending, business investment, and government spending
5
Multiple Choice
What is Gross Domestic Product (GDP)?
The value of all final goods and services produced within a country's border in a specific period of time
The total amount of money in circulation within a country
The total value of a country's exports minus imports
The amount of money earned by the government through taxes
6
Drag and Drop
GDP measured in raw number of things produced
GDP including illegal activities
GDP including household production
7
Dropdown
8
Multiple Choice
How is the unemployment rate calculated?
Number of unemployed people divided by the number of people in the labor force, times 100
Number of unemployed people divided by the total population, times 100
Number of unemployed people divided by the number of employed people, times 100
Number of unemployed people divided by the number of discouraged workers, times 100
9
Drag and Drop
Unemployment due to lack of demand for a specific type of labor
Unemployment caused by a recession
Unemployment caused by technological advancements
10
Multiple Choice
What is the natural rate of unemployment?
Unemployment rate when there is only frictional and structural unemployment
Unemployment rate when there is 0% unemployment
Unemployment rate when there is only cyclical unemployment
Unemployment rate when there is only structural unemployment
11
Drag and Drop
It increases the purchasing power of money
It leads to higher business costs
It stimulates economic growth
12
Multiple Choice
What is the business cycle?
The expansion and contraction of an economy over time
The fluctuation of interest rates in the stock market
The rise and fall of consumer spending
The increase and decrease of government debt
13
Drag and Drop
Business spending (investment)
Government spending
Net exports
14
Drag and Drop
Decrease spending or increase taxes
Implement strict regulations on businesses
Print more money
15
Drag and Drop
Decreased inflation
Higher interest rates
Reduced consumer spending
16
Multiple Choice
What is the main purpose of studying macroeconomics?
To understand how the whole economy works
To predict stock market trends
To analyze individual consumer behavior
To calculate market prices
17
Drag and Drop
True
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