2. Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where I have “Question” should be the student’s response. To enter your questions and answers, click once on the text on the slide, then highlight and just type over what’s there to replace it. If you hit Delete or Backspace, it sometimes makes the text box disappear. When clicking on the slide to move to the next appropriate slide, be sure you see the hand, not the arrow. (If you put your cursor over a text box, it will be an arrow and WILL NOT take you to the right location.)

3. Choose a category. You will be given the answer. You must give the correct question. Click to begin. Macro: Unemployment/Inflation/Poverty

4. Click here for Final Jeopardy

5. Get a Job Measuring Unemployment Inflation Effects of Inflation Poverty 10 Point 20 Points 30 Points 40 Points 50 Points 10 Point 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Pay the Price

6. Taking time looking for the right job; making a career change; a retiree returning to the work force

7. What is Frictional Unemployment

8. A college student working in the summer who leaves her job to return to school in the Fall

9. What is Seasonal Unemployment

10. 7.9% in October 2012

11. What is the United States National Unemployment Rate

12. Business cycle movement affecting industries where employees are laid off

13. What is cyclical unemployment

14. Development of new technology, discovery of new resources, changes in consumer demand, globalization, & lack of education

15. What are the 5 major causes of structural unemployment

16. This is an official count of the population & is used in calculating unemployment; the big one happens every 10 years

17. What is the US Census

18. Unemployment Rate

19. What is the percentage of the nation’s labor force that is unemployed

20. # of people unemployed ____________________________________ by the # of people in the civilian labor force x 100

21. What is the formula to calculate the unemployment rate

22. Full Employment; leave the business cycle out of it

23. What is employment level attained when cyclical unemployment ceases to exist

24. An PhD working at a carwash; a C.P.A. working part-time; a college graduate working for a landscape company

25. What are examples of Underemployment

26. The ability to purchase goods and services; what money CAN buy

27. What is Purchasing Power

28. This produces an average that can be compared to earlier averages to see the rate prices have changed over time

29. What is consumer price index

30. Consumer Price Index

31. A price index that is determined by measuring the price of a standard group of goods that represent the typical goods of the urban consumer

32. Inflation Rate

33. What is the % rate of change in a price level over time

34. CPI Year 1 – CPI Year 2 _______________________ CPI Year 2 X 100

35. What is the formula for calculating the Inflation rate

36. The rate of Inflation excluding the effects of food and energy prices; this is also at the center of an apple

37. What is core inflation rate

38. Hyperinflation

39. What is Inflation out of control where $$$ loses value & can lead to total economic collapse

40. Too much $$$ floating around in the economy

41. What is the quantity theory; a cause of inflation

42. Another cause of inflation: Demand Pull Theory; I WANT THAT NOW!

43. What is when demand for goods and services exceed supply

44. Producers costs increase; higher cost for crude leads to higher prices at the pump

45. What is the Cost – Push Theory of Inflation

46. Getting less with the same amount of money; $50 worth of groceries is not what it used to be

47. What is a decline in purchasing power

48. Rising wages lead to more demand, more demand leads to higher prices and & so on

49. What is inflation

50. Inflation hits people on this the hardest because it doesn’t change to match rising prices

51. What is a fixed income

52. Inflation rates are higher than your bank’s interest rate on your savings account

53. What is the decrease in purchasing power of your savings & you lose $ value

54. 2.2% in October 2012

55. What is the current inflation rate

56. Poverty Threshold

57. What is the income level below which income is insufficient to support a family or household

58. % of people who live in households with income below the official poverty line

59. What is the poverty rate

60. Income Distribution

61. What is how a nation’s total income is distributed among its population

62.  Lack of education,  inner city residents,  race & gender,  downward shifts in the economy,  decline of the family

63. What are some causes of poverty

64. This is the single biggest thing that can reduce poverty

65. What is education

66. Make your wager

67. Final Answer The State of Georgia has a population of 9,687,653. 5,000,000 are not eligible to be counted because they are retired, in the military or are children. The amount of people without a job is 487,471.What is the unemployment rate?

68. What is 10.3%