Macro Chapter 6
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | the market value of all final goods and services produced within a country during a specific period
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show | GDP per person
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inflation | show 🗑
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real GDP | show 🗑
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economic growth | show 🗑
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recession | show 🗑
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Great Recession | show 🗑
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show | a short-run fluctuation in economic activity
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economic expansion | show 🗑
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economic contraction | show 🗑
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services | show 🗑
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intermediate goods | show 🗑
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show | goods sold to final users
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gross national product (GNP) | show 🗑
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consumption | show 🗑
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show | (1) the process of using resources to create or buy new capital; (2) private spending on tools, plant, equipment, and inventory used to produce future output
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government spending | show 🗑
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show | are total exports of final goods and services minus total imports of final goods and services
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nominal GDP | show 🗑
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show | an index of the average prices of goods and services throughout the economy
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show | a measure of the price level that is used to calculate real GDP
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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