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JeopardyEconomies Pros &Cons Goals More Goals Free-for-All
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Final Jeopardy
$100
A system of collecting and organizing macroeconomic statistics on production, income, investment and savings
$100
What is national income accounting
$200
The proportion of disposable income thatis saved.
$200
What is the savings rate?
$300
An economic variable that theFederal Reserve can manipulate to encourage consumer spending, and business investment, but may lead toinflation if not monitored properlycontrolled.
$300
What are interest rates?
$400
Products like memory chips, steering wheels, seat belts, and steel that usedin the production of final goods.
$400
What are intermediategoods?
$500
Period of economic expansionfollowed by one of economiccontraction.
$500
What is the business cycle?
$100
Measure of a nation’s standardof living that indicates howoutput is distributed across thepopulation.
$100
What real GDP per capita?
$200
Measure of economic output minusthe effect of inflation.
$200
What is real GDP?
$300
Total amount of goods andservices in the economy available at all possible pricelevels.
$300
What is aggregate supply?
$400
The average of all prices in theeconomy.
$400
What is the price level?
$500
The nations output based on current prices.
$500
What is nominal GDP?
$100
Unintended economic side effectthat is not reflected in GDP.
$100
What is a negative externality?
$200
Unanticipated disruption in the supply of oil,supply, or an unexpected discovery of anatural resource that can effect the businesscycle?
$200
What are external shocks?
$300
Economist whose idea that government intervention is sometimes needed to pull an economy out of a deep recession or depression
$300
Who is John Maynard Keynes?
$400
On the job training, education, improvedand additional technology provided to employees is characterized as this processof increasing productivity and GDP.
$400
What is capital deepening?
$500
By eliminating the effect of increased capital and increasedlabor, the remaining growth inoutput comes from this.
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What is technology?
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C + I + G + (X-i) = ?
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What equals GDP
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These products are known asThe ‘big-ticket’ items that lastA minimum of 3 years.
$200
What are durable goods?
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“My lawyer will be in touch withyou about this pile of junk you call a car”.
$300
Who is a person exercising theirLemon Law rights.
$400
“How can I budget when priceskeep going up, but my pensionstays the same?”
$400
What is a comment from someoneliving on a fixed income?
$500
Turn off cookies.
$500
What is an internet option to Guarantee ones right to privacy?
$100
Economic freedom, voluntary exchangePrivate property rights, profit motive andCompetition.
$100
What are five characteristics ofa free market economy?
$200
Buyer and seller believe they arebetter off.
$200
What happens during voluntaryexchange?
$300
“I think pink siding and orangeshutters look really nice even if youdon’t.”
$300
What someone who is exercisingtheir private property rights mightsay?
$400
It is the driving force behind the growthof a free enterprise system.
$400
What is the profit motive?
$500
“The customer is always right”.
$500
What the ‘ruler of the market’ saysOr what ‘consumer sovereignty’ means.
Final Jeopardy
The Tennesee Valley Authority who supplieselectric power for all of Tennessee and partsof Alabama, Georgia, Kentucky, Mississippi,North Carolina and Virgina is an example of this.
Final Jeopardy Answer
What is a direct roleof government.
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