2. Labor Force
Unemployment Rate is the % of THIS who are working or actively seeking employment

3. CONSUMER SPENDING
C in GDP formula

4. Trough

5. RECESSION
A 6 month economic contraction

6. One Piece of a Corporations Stock
SHARE

7. GROSS DOMESTIC PRODUCT
What does GDP stand for?

8. DOLLARS
GDP is measured in _________

9. GDP
Total value (in dollars) of all FINAL goods and services produced within a country within a given year

10. Company Stock Abbreviation?
TICKER

11. LABOR FORCE = 100 POPULATION: 250 POPULATION 16-64: 200
EMPLOYED PERSONS: 90
UNEMPLOYED PERSONS: 10

12. UNEMPLOYMENT RATE = 10% POPULATION: 250 POPULATION 16-64: 200
EMPLOYED PERSONS: 90
UNEMPLOYED PERSONS: 10

13. LABOR FORCE PARTICIPATION RATE = 50%
POPULATION: 250
POPULATION 16-64: 200
EMPLOYED PERSONS: 90
UNEMPLOYED PERSONS: 10

14. INTERMEDIATE GOODS
Total value (in dollars) of all FINAL goods and services produced within a country within a given year
What does this exclude?

15. 17 (16.7)
US GDP to nearest trillion

16. ADD EXPORTS AND SUBTRACT IMPORTSNX
Add _________
Subtract _________

17. 5.9%
Current unemployment rate (national)

18. INVESTMENT AND INVENTORY
“I” in GDP formula accounts for
Business _________ and ___________

19. NOMINAL The GDP in actual dollar amount for the year of production.
Starts with “N”

20. Real GDP

21. FRICTIONAL, STRUCTURAL, SEASONAL, CYCLICAL
Four types of unemployment

22. Fixed Basket Inflation
CPI

23. Variable Basket Inflation
GDP DEFLATOR

24. CPI?
CONSUMER PRICE INDEX

25. 3 Major Stock Indices
DOW JONES
NASDAQ
S&P 500

26. 3 Major Stock Indices
Which is tech heavy?
DOW
S&P 500
NASDAQ

27. US AND CHINA
1st and 2nd Highest GDP in the World

28. Expansion

29. A Collection of Investment Assets

30. Unintended Consequences of Business

31. Example of a negative externality of a fire station next to a residential neighborhood.

32. Count or Don’t Count in GDP
pedicure

33. Count or Don’t Count in GDP
McDonald’s secret Big Mac sauce

34. Beginning of Recession (Point)

35. Count or Don’t Count in GDP
A new milkshake machine at the Burgery

36. Count or Don’t Count in GDP
A Japanese car sold in the US

37. Count or Don’t Count in GDP
A Japanese car sold in Japan

38. Count or Don’t Count in GDP
An American car sold in Japan

39. Count or Don’t Count in GDP
My salary

40. Count or Don’t Count in GDP
Sale of $1237 of Caterpillar stock

41. Count or Don’t Count in GDP
An antique vase

42. GDP formula
C+I+G+NX