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GDP, inflation & unemployment: the dashboard — Homework

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GDP, inflation & unemployment: the dashboard — Homework

The economic dashboard: GDP, inflation, unemployment.

  1. 1.Your wage rises 5% while inflation runs 8%. Richer or poorer, and by how much?
  2. 2.Why doesn't a full-time parent's work appear in GDP?
  3. 3.A discouraged worker stops job-hunting. Which way does the unemployment rate move — and is that good?
  4. 4.Why track a FIXED basket for inflation?
  5. 5.Look up the current three numbers. Which matters most to a family like yours right now, and why?
🌲 Homeschool for the FutureTwelfth Grade · History · week 31 homework