Gross Domestic Product as A Key Economic Indicator

Gross Domestic Product as A Key Economic Indicator

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Gross Domestic Product as A Key Economic Indicator

What are the four phases of the business cycle?

Which phase of the business cycle would be the best time to purchase a large ticket item?

How do you calculate the labor force participation rate?

Who is accounted for in our country’s labor force?

How is our country’s unemployment rate calculated?

In one to two sentences, please define the term, “full employment?”

Gross Domestic Product as A Key Economic Indicator

In one to two sentences, what is a discouraged worker?

What are the four types of unemployment?

Which type of unemployment is the direct cause of our country (economy) contracting?

In one to two sentences, please define, inflation?

What does Gross Domestic Product (GDP) measure?

Gross Domestic Product as A Key Economic Indicator

What is the equation used to calculate Gross Domestic Product (GDP)?

In two or more sentences describe the difference between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product?

Identify at least three (3) factors that are omitted from our country Gross Domestic Product (GDP)?

In one to two sentences, please define, the Human Development Index (HDI)?

In one to two sentences, describe why Gross Domestic Product (GDP) is used as a key economic indicator?

In two or more sentences describe what assumptions can be made about country’s that have a high Gross Domestic Product (GDP)?

How is Gross Domestic Product (GDP) per capita calculated?

If Real Gross Domestic Product (GDP) fall for two or more consecutive quarters, which phase of the business cycle would best describe our economy?

In one to two sentences describe whether Real Gross Domestic Product (GDP) or Gross Domestic Product (GDP) is a better measure of our country’s well-being?

Gross Domestic Product as A Key Economic Indicator

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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