Know that Name HIRE ME! MY EconoMY Inflation or Bust Grab Bag Paycheck Please…

What do we call the percentage index used to measure inflation? 10 Know That Name CPI (Consumer Price Index)

What type of buying pattern is it when consumers use logic to act in their own best self-interests to make purchases Rational Buying 20 Know That Name

What type of raise will provide an increase in your purchasing power: Merit Raise or Bonus 30 Know That Name

When gasoline prices fall and jump back up again, this is an example of: Reflation 40 Know That Name

True or False Interest is a type of earned income. False 50 Know That Name

True or False: Statistics show the amount and type of education you complete DOES NOT affect your income. FALSE 10 Hire Me!

True or False: You should not smile during a job interview because you want to show you are serious about the job. FALSE 20 Hire Me!

This provides emotional satisfaction or social status rather than money: Perks 30 Hire Me!

Type of self-employment business that starts small but intends to grow into a corporation: Choose: Lifestyle or Venture Venture 40 Hire Me!

Name 3 factors that affect your earning potential. Education, Natural Talent, Hard & Soft Skills, Experience 50 Hire Me!

True or False: When demand exceeds supply, businesses will charge lower prices for a product FALSE 10 MY EconoMY

This will include items like education and skills required, tasks to be performed, and work environment, but not a salary range Job Description 20 MY EconoMY

What are the four stages of the business cycle? Peak, Recession, Trough, Recovery 30 MY EconoMY

During this phase of the economic business cycle, people are optimistic and spending money: Recovery 40 MY EconoMY

When supply exceeds demand, will business typically raise or lower prices? LOWER 50 MY EconoMY

True or False: When prices are rising faster than your income, you gain purchasing power FALSE 10 Inflation or Bust

Compound Interest Based on this idea, you can earn interest on interest and watch your money grow. 20 Inflation or Bust

Before: Research, Plan, Make a List During: Avoid impulse and emotional buying After: Keep receipts and warranties List an example of one thing you should do before, during, and after you shop. 30 Inflation or Bust

2-3% What percentages of mild inflation is said to be good for the economy? 40 Inflation or Bust

This concept says that a dollar you receive in the future will be worth less than a dollar your receive today. Time Value of Money 50 Inflation or Bust

True or False: Salaried workers usually do not keep time cards or count hours worked or receive overtime pay TRUE 10 Paycheck Please…

True or False: With E-filing a tax return, tax refunds will be a lot slower than filing a paper return FALSE 20 Paycheck Please…

Overtime pay (over 40 hours per week) is paid at what amount times the regular rate? 1 ½ (1.5 times regular) 30 Paycheck Please…

List two required contributions that your employer pays on your behalf at no cost to you. Unemployment and Workers’ Compensation 40 Paycheck Please…

True or False: Lifelong learning of new skills will help you get a job and earn higher pay and promotions. TRUE 50 Paycheck Please…

These accomplishments might earn you what type of financial aid as a gift?... These accomplishments might earn you what type of financial aid as a gift?... grades, athletic skills, need grades, athletic skills, need Scholarship 10 Grab Bag

On the job training is considered what type of education? Choose: formal, self, informal Informal 20 Grab Bag

What is income received from sources other than working? Unearned Income 30 Grab Bag

True or False: Using fancy fonts, special paper and flashy elements is a good idea to help your resume stand out FALSE 40 Grab Bag

What form is used to report taxable income a worker received during the calendar year? Form W-2 50 Grab Bag

Final Jeopardy If you are currently earning $32,000 annual salary and the rate of inflation is 4%, what dollar amount do you need as an annual cost-of-living adjustment to maintain your current purchasing power? If you are currently earning $32,000 annual salary and the rate of inflation is 4%, what dollar amount do you need as an annual cost-of-living adjustment to maintain your current purchasing power? 32,000 x.04 = $

Final Jeopardy A 30-ounce carton of Product X sells for $6.00. What is the unit price? A 30-ounce carton of Product X sells for $6.00. What is the unit price? 6.00 / 30 =.20