Macro Chapter 6
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| gross domestic product (GDP) | show 🗑
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| show | GDP per person
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| show | the growth in the overall level of prices in an economy
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| real GDP | show 🗑
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| show | the percentage change in real per capita GDP
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| recession | show 🗑
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| show | the U.S. recession lasting from December 2007 to June 2009
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| show | a short-run fluctuation in economic activity
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| economic expansion | show 🗑
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| economic contraction | show 🗑
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| show | outputs that provide benefits without producing a tangible product
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| intermediate goods | show 🗑
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| final goods | show 🗑
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| show | the output produced by workers and resources owned by residents of the nation
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| consumption | show 🗑
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| investment | show 🗑
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| show | spending by all levels of government on final goods and services
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| show | are total exports of final goods and services minus total imports of final goods and services
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| show | GDP measured in current prices and not adjusted for inflation
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| show | an index of the average prices of goods and services throughout the economy
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| show | a measure of the price level that is used to calculate real GDP
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
v.virgil
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