Economic Indicators Vocabulary Quiz
Standard:
SSEMA1 ILLUSTRATE the means by which economic activity is measured.
c. DEFINE unemployment rate, Consumer Price Index (CPI), inflation, real GDP, aggregate supply and aggregate demand and EXPLAIN how each is used to EVALUATE the macroeconomic goals from SSEMA1a.
Learning Target
At the end of the lesson, students will be able to define unemployment rate, Consumer Price Index (CPI), inflation, real GDP, aggregate supply and aggregate demand.
Success Criteria
Complete an activity that demonstrates mastery of vocabulary terms.
Define(the meaning of) Gross Domestic Product (GDP), economic growth, unemployment, Consumer Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.(economic indicators)
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