Enter Title

Show me da' money

100

Macroeconomic estimates are

Estimates 

200

Good data has a large sample and a low

variance 

300

The amount of GDP Required to renew capital stock is 

15-16% either are acceptable answers

400

The political definition of a recession is

Two or more quarters of negative GDP growth

500

GDP trends upward over time because of these two trends

labor growth

Productivity growth

"win win"

100

This branch of U.S. government has authority over trade.

Congress

200

This U.S. agency negotiates trade agreements.

USTR

300

This phenomenon occurs when a trade agreement leads to decreased trade with a third country

Trade Diversion

400

When you have this in a specific sector, you are in a good position to export your product

comparative advantage

500

This phenomenon makes it more difficult to determine who are the winners and losers in trade

Global Supply Chain

Resource Curse

100

This resource, which is accessible via the Bunche Library, lets you check a country's imports and exports using 2- and 4-digit codes

Global Trade Atlas

200

This organization provided seasonally-corrected AND nominal data that we used to create a sample graph in class.

IMF

300

This resource reports country-provided data without organizing it further. 

World Bank

400

These three staff members are available at FSI.

Lynda, Dana, and Barry

500

This is the full name of the library at FSI.

Ralph Bunche Library

ABC

100

GDP

Gross Domestic Product 

200

CFIUS

Committee on Foreign Investment in the United States

300

AAGR

Average Annual Growth Rate

400

GATT

General Agreement on Tariffs and Trade

500

C+G+I+X-M

Aggregate Demand is composed of various factors C, I, G, X – M

• C= Consumer spending
• I = Investment (Gross Fixed Capital Formation)
• G= Government Spending
• X= Exports
• M= Imports