Inflation & CPI
This measures the % change in the average price of a basket of goods.
What is CPI?
GDP measures the total value of these produced in a country.
What are goods and services?
Goods sold abroad are called this.
The measurement of people per unit of land area
What is population density?
The "basket" in CPI represents this.
What are commonly bought goods/services?
What does the the C in the equation for GDP stand for?
Consumption
Goods brought in from abroad are called this.
What are imports?
The average period a person might expect to live.
What is life expectancy?
Inflation is considered high if prices do this quickly.
What is rise quickly?
G in GDP represents this type of spending.
Government spending
Net exports are found by subtracting these two.
What are imports from exports?
Define birth rate.
What is the number of live births per 1000?
Name a country with very high inflation today.
Answers may vary.
GDP per capita is GDP divided by this?
What is population?
Money coming into a country from foreign businesses is this type of FDI.
What is FDI inflow?
The current replacement rate.
What is 2.1?
Give a problem with CPI.
answers may vary.
C + I + G + NX
If a U.S. company buys a factory in Japan, the U.S. records this type of FDI.
What is FDI outflow?
Define immigration and emigration.
Immigration-moving into a new country.
Emigration- leaving one's country.