Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
×
seesaw
Swap points!
Oops!
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
×
seesaw
Swap points!
Oops!
×
star
Double points!
Okay!
×
gift
Win 25 points!
Okay!
×
lifesaver
Give 25 points!
Oops!
15
×
What is frictional unemployment?
Time period between jobs when a worker is searching for or transitioning from one place of labour to another.
Oops!
Check
Okay!
Check
20
×
Name 4 components of the GDP.
Consumer spending, business spending, government spending, net exports.
Oops!
Check
Okay!
Check
25
×
What does higher GDP lead to?
Full capacity of production to keep up with the demands => inflation => people asking for higher wages => economy slows down.
Oops!
Check
Okay!
Check
10
×
What is real GDP?
GDP adjusted for inflation
Oops!
Check
Okay!
Check
5
×
Starting in which year did the Greek GDP start decreasing?
Since 2008
Oops!
Check
Okay!
Check
15
×
How would you define people in the labour force?
People of a certain age, not children or older people, who are working or searching for work
Oops!
Check
Okay!
Check
20
×
How is the unemployment rate measured?
Unemployed people/people in the labour force * 100%
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
shark
Other team loses 25 points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 25 points!
Oops!
15
×
What two types of unemployment will always exist?
Frictional and structural
Oops!
Check
Okay!
Check
20
×
What 3 measurements are analyzed to see if the country is achieving the goals of macroeconomics?
GDP, unemployment rate and inflation rate.
Oops!
Check
Okay!
Check
20
×
Who are discouraged people?
Unemployed people who were looking for a job but have given up?
Oops!
Check
Okay!
Check
20
×
What is GDP?
The value of all final goods and services produced in a country's border within a specific time, usually a year.
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
What is macroeconomics?
The study of the entire economy, not just individual markets
Oops!
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies