a series of tutorial and quizzes to learn key concepts of macroeconomics for georgia economics eoct
TRANSCRIPT
Slide 1
MacEconA series of tutorial and quizzes to learn key concepts of macroeconomics for Georgia Economics EOCT.
Hello, My name is Mac. I will be you guide in this tutorial on macroeconomics.
(Click on buttons to begin and access to quizzes-complete all)Business CycleMeasuresKey TermsUnemployment
Your total Score is ___%Review tutorials and retake quiz if you scored below 100%
Return to Unemployment Tutorials Main menuYour total earnings = $____
As you proceed through the tutorial, questions will appear. Each correct answer will be worth $100. However, if you get it wrong I will subtract $100.
Expansion
Contraction
Trough
Peak
Point in cycle when economic growth has reached a low point and is beginning to grow again
Rising GDP and low unemployment compare to previous year
Point when GDP has been growing and begins to decline
Decreasing GDP and rising unemployment compare to previous year
(Note this will be a drag and drop matching game. This is not functional.)
I will track your earnings as you go. You goal is to earn $2000.
Congratulations! You got the right answer!
C is right because Structural unemployment is indicated by skills not matching jobs.ResultsYou earned $100
You completed ____ out of ___ questions correctlyKey terms: ____ out of ___ questions correct $100 eachMeasures: ____ out of ___ questions correct $100 eachUnemployment: ____ out of ___ questions correct $100 eachBusiness Cycle: ____ out of ___ questions correct $100 eachYour total is $_________!
(Click on buttons to begin and access to quizzes-complete all)Business CycleMeasuresKey TermsUnemployment
Congratulations! You got the right answer!
B is right because when skills do not match the jobs it indicates structural unemployment.Next QuestionYou earned $100That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Unemployment Quiz2. Inflation is measured by
Unemployment Rate
Gross Domestic Product
Consumer Price Index
D. Business Investment
Congratulations! You got the right answer!
C is right because the business cycle is made up of recessions and expansions. Recessions cause a rise in unemployment.Next QuestionYou earned $100
That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Congratulations! You got the right answer!
D is right because the job he lost is only available when there is snow which is based on seasons.Next QuestionYou earned $100
That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Congratulations! You got the right answer!
A is right because Christmas retail jobs are needed to fill extra demand around the Christmas season.Next QuestionYou earned $100
That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Congratulations! You got the right answer!
C is right because Structural unemployment is indicated by skills not matching jobs.ResultsYou earned $100
That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Your total Score is ___%Review tutorials and retake quiz if you scored below 100%
Return to Unemployment Tutorials Main menuYour total earnings is $______
That answer is not correct.Try Again! Click the arrow to return to question.
You lost $100
Your total Score is ___%.
You earned $_____!Review tutorials and retake quiz if you scored below 100%
Return to business cycle tutorial Main menu
(Click on buttons to begin and access to quizzes-complete all)Business CycleMeasuresKey TermsUnemployment
Gross Domestic Productthe dollar amount of all final goods and services produced within a country's borders in a year.Consumer Price Indexmeasure of change in price over time of a specific group of goods and services used by average householdeconomic growthincrease in the total output of an economy. occurs when a society acquires new resources or when it learns to produce more using existing resourcesunemploymentpeople looking for work, but who are without jobs.inflationa rise in the general level of prices.stagflationa period of slow economic growth and high unemployment, while prices rise (inflation)Aggregate Demandtotal demand for goods and services in an economyAggregate Supplytotal supply or output of goods and services in an economy