Economics
Economics
Unit 2 | Topic 7 | Economic Performance and Challenges
Unit 2 | Topic 7 | Economic Performance and Challenges
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Β How do we know if the economy is healthy?
Β How do we know if the economy is healthy?
Introduction to TopicΒ
Introduction to TopicΒ
My Story: Unemployment, Measuring the Health of the Economy
My Story: Unemployment, Measuring the Health of the Economy
Economists measure the economy with indicators such as Gross Domestic Product (GDP) and per capita GDP. These indicators help the government, businesses, and individuals make economic decisions. Every economy faces the challenges of unemployment, inflation, and poverty. Certain types of unemployment are a normal part of a healthy economy. A certain amount of inflation is normal, but high rates of inflation can negatively affect purchasing power and prices. Another challenge to the economy is poverty. The U.S. government's approach to addressing the problem of poverty has changed over time.
Topic 7.1
Topic 7.1
Gross Domestic Product
Gross Domestic Product
What does the GDP show about the nation's economy?
Topic 7.2
Topic 7.2
Business Cycles
Business Cycles
What factors affect the phases of a business cycle?
Topic 7.3
Topic 7.3
Economic Growth
Economic Growth
How does the economy grow?
Topic 7.4
Topic 7.4
Unemployment
Unemployment
What are the causes of unemployment?
Topic 7.5
Topic 7.5
Inflation and Deflation
Inflation and Deflation
What are the causes and effects of inflation?
Topic 7.6
Topic 7.6
Poverty and Income Distribution
Poverty and Income Distribution
What factors affect the poverty rate?
IN_Econ_Topic07_GuideAssessment.pdfTopic 7 Quick Study Guide
Topic 7 Quick Study Guide
How do we know if the economy is healthy?
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