Directions to create Jeopardy Game Open template Save As (whatever title you choose) File open Type in categories by clicking on the text box Use the scroll bar to scroll to the Question & Answer slides Create a question to fit in each valued box for each category Directions to play Jeopardy Slide show--view show Click mouse until Jeopardy music plays Slowly click categories onto the screen Wait until the music stops playing Cave students select questions in a specific category and for a specific dollar amount Click on the selected question Click mouse again to view the answer Click on the icon head in the bottom left hand corner to return to the main menu board

Economics GDP, Growth, and Economic Challenges Gross Domestic Product Business Cycle Unemployment Vocabulary Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

$100 Question from C1 Gross Domestic Product calculated using constant unchanging prices

$100 Answer from C1 Real GDP

$200 Question from C1 Which of the following is an example of a final good or service? a.Cheese a restaurant purchases to make pizza b.Eggs a bakery purchases to make cookies. c.Concrete purchased to build a house d.A computer purchased at Costco

$200 Answer from C1 D. A computer purchased at Costco

$300 Question from C1 What is considered to be the best measure of a nation’s standard of living?

$300 Answer from C1 Per Capita GDP

$400 Question from C1 Which of the following products would be included in the calculation of GDP a.Computers manufactured in India by a U.S. firm b.Blankets manufactured in China and sold to U.S. companies c.Cameras manufactured in California by a Japanese company d.Cotton grown in Arizona and sold to a company in California to make clothing

$400 Answer from C1 c. Cameras made In California

$500 Question from C1 The dollar value of all final goods and services produced within a country’s borders in a given year

$500 Answer from C1 Gross Domestic Product

$100 Question from C2 Name the four phases of the business cycle

$100 Answer from C2 Expansion, Peak, Contraction, Trough

$200 Question from C2 The lowest point in an economic contraction, when Real GDP stops falling

$200 Answer from C2 Trough

$300 Question from C2 The process of increasing the amount of capital per worker

$300 Answer from C2 Capital Deepening

$400 Question from C2 A prolonged economic contraction lasting at least 2 consecutive quarters (6 months)

$400 Answer from C2 Recession

$500 Question from C2 A period of macroeconomic expansion followed by a period of contraction

$500 Answer from C2 Business Cycle

$100 Question from C3 What is the normal unemployment rate when the economy is working properly (full employment)?

$100 Answer from C3 4% to 6%

$200 Question from C3 Unemployment that occurs when people take time to find a job. Such as a college graduate who is looking for the right job.

$200 Answer from C3 Frictional Unemployment

$300 Question from C3 Unemployment caused by a downturn in the economy

$300 Answer from C3 Cyclical Unemployment

$400 Question from C3 Unemployment that occurs when workers’ skills do not match the jobs that are available. Example: a worker who has been laid off because their company has relocated to another country.

$400 Answer from C3 Structural Unemployment

$500 Question from C3 The level of employment that is reached when there is no cyclical unemployment

$500 Answer from C3 Full Employment

$100 Question from C4 The income level set by the federal government which is deemed insufficient to support a family

$100 Answer from C4 Poverty Threshold

$200 Question from C4 The total dollar value of all goods and services available in the economy at all Possible price levels.

$200 Answer from C4 Aggregate Supply

$300 Question from C4 The highest point in an economic expansion where Real GDP stops rising.

$300 Answer from C4 Peak

$400 Question from C4 Economic variables that economists use to predict a new phase of the business cycle

$400 Answer from C4 Leading Indicators

$500 Question from C4 The total amount of goods and services in an economy that will be purchased at all price levels

$500 Answer from C4 Aggregate Demand

$100 Question from C5 The percentage of change in price level over time

$100 Answer from C5 Inflation Rate

$200 Question from C5 Consumer goods that last for a relatively long period of time

$200 Answer from C5 Durable Goods

$300 Question from C5 Working at a job for which a person is overqualified or working part-time when you want to work full-time

$300 Answer from C5 Underemployed

$400 Question from C5 A person who wants a job but has given up looking

$400 Answer from C5 Discouraged worker

$500 Question from C5 A measurement of how the average price of a standard group of goods changes over time.

$500 Answer from C5 Consumer Price Index

Final Jeopardy Calculate GDP: Consumer Spending = 5 million Business Investment = 10 million Government Spending = 15 Million Exports = 3 million Imports = 5 million

Final Jeopardy Answer 28 million