Economic Indicators Worksheet
A worksheet for Grade 11 Social Studies students on key economic indicators and their significance.
Includes
Standards
Topics
Economic Indicators
Name:
Date:
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Read each question carefully and provide your best answer. For multiple choice, circle the correct option. For fill-in-the-blanks, complete the sentence. For short answer, write your response in the space provided.
1. Which of the following is considered a lagging economic indicator?
Stock market prices
Unemployment rate
New building permits
Consumer confidence index
2. Gross Domestic Product (GDP) primarily measures:
The total value of a nation's exports
The total income of all households
The total value of goods and services produced in a country
The national debt
3. Inflation is generally measured by the , which tracks the average change in prices paid by urban consumers for a basket of consumer goods and services.
4. A sustained, significant decline in economic activity spread across the economy, lasting more than a few months, is known as a .
5. A high consumer confidence index typically indicates a strong economy.
True
False
6. Explain the difference between leading and lagging economic indicators and provide an example of each.
Match each economic indicator with its primary definition.
7. GDP
a. The percentage of the labor force that is jobless
8. CPI
b. Total value of goods and services produced
9. Unemployment Rate
c. Measures inflation experienced by consumers