Measuring Economic Activities Organizer

1.02 Worksheet

Name ______Class ______Date ______

Measuring Economic Activities Organizer

Directions: Provide the requested information.

Ways to Measure Economic Activities

Measuring Economic Activities Organizer Continued

Measuring Economic Activities Organizer Continued

4. Consumer Spending

List and describe the economic indicators for consumer spending:

 ______

______

______

______

______

______

5. Investment Activities
Describe how the listed investment activities promote economic growth:
Personal Savings
Examples
Mary has saved over $800 in a local bank.
Jack borrowed $600 from a local bank to buy a new oven.
______
______
______ / The Stock Market
Examples
Jason purchased stock of a pharmaceutical company.
______
______
______ / The Bond Market
Examples
The bond passed to fund several city parks.
______
______
______

Measuring Economic Activities Organizer Continued

6. Borrowing Activities
Government
Describe how government borrowing can lead to a budget deficit. / Businesses
Describe how using borrowed money wisely can impact businesses.

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1.02 Worksheet

Name______Class ______Date ______

Very Important Business Terms Activity

Directions: In the right-hand column of the table, describe why the terms listed in the left-hand column are important.

Measuring Economic Activities
Very Important Business Terms / Why is the term important to the topic?
Gross domestic product (GDP) / Example: GDP indicates the health and growth of an economy. If the GDP for a country is steadily increasing, this is usually an indication of higher demands for goods and services. A higher demand for goods and services result in more goods and services being produced.
GDP per capita
Productivity
Personal income
Retail sales
Capital projects

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1.02 Worksheet

Stock
Bond

Very Important Business TermsContinued

Economic Conditions
Business cycle
Prosperity
Recession
Depression
Recovery
Inflation
Deflation

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1.02 Worksheet

Name ______Class ______Date ______

GDP Map Activity

Directions: Select three countries of your choice from the website and obtain requested information about each one.

"english.freemap.jp."Free blank outline world maps. 11 Jan 2006. Sankakukei, InoueKeisuke. 14 Nov 2008 <

Part 1 / Country 1 / Country 2 / Country 3
GDP last year
Population last year
GDP per capita last year
GDP two years ago
Population two years ago
GDP per capita two years ago

GDP Map Continued

Part 2

Using each country’s GDP for one and two years ago, write a statement about each one’s economic performance.

Country 1 ______

Country 2 ______

Country 3 ______

Part 3

Using each country’s GDP per capita for one and two years ago, write a statement about each one’s economic performance.

Country 1 ______

Country 2 ______

Country 3 ______

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1.02 Worksheet

Name ______Class ______Date ______

Economic Conditions Organizer

Directions: Provide the name and a brief description in your words of each phase of the business cycle.

Part A

The Four Phases of the Business Cycle

Economic Conditions Organizer Continued

Part B

Situation / Prosperity / Recession / Depression / Recovery
Employment trend
Supply and demand of goods and services trend
Possible actions of businesses

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1.02 Worksheet

Economic Conditions Organizer Continued

Consumer Prices
Inflation
Define:
How may high demand and limited supply of products cause inflation?
How is the consumer price index calculated?
How does inflation impact consumer buying power? / Deflation
Define:
How do lower prices impact deflation?

Part C

List the primary saving or borrowing purpose for each type of interest rates

Part D

How do interest rates impact businesses? ______

______

______

ASSESSMENT PROTOTYPES

Note: These assessment prototypes are examples of the types of items included in the item bank. All items are comparable to the cognitive process of the understand verb. Questions require students to demonstrate that they understand the content. Assessment prototypes will not be used on the secured test, but questions in similar formats will be used.

The state department collects monthly reports of total sales from all newspaper companies in North Carolina. This information would be useful for which measurement of economic activities?

A. Borrowing

B. Consumer spending

C. Investment activities

D. Labor activities

ANSWER:

A report about the economy reveals a decreasing unemployment rate, consumer buying of goods and services is increasing significantly, and the GDP is rising. Which business cycle does this report cover?

A. Depression

B. Prosperity

C. Recession

D. Recovery

ANSWER:

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