Measuring GDP
GDP NOT adjusted for inflation is _______________
Current GDP
Official count of all the people living in the U.S including their place of residence
Census
Economic and social assistance from the government or private agencies because of need
Welfare
When people say “Wall Street,” what city are they usually referring to?
NYC
What planet is known as the “Red Planet”?
Mars
GDP adjusted for inflation is _______________
Real GDP
What is the Replacement rate?
Rate at which people are being born compared to dying
What are the 2 largest contributors to the raising income inequality?
Education and existing wealth
What is the term for a long period of rising stock prices?
Bull Market
How many stripes are on the U.S. flag?
13
_____________________ is the branch of economics that deals with the economy as a WHOLE
Macroeconomics
The “C_______ _______” of the population has been steadily shifting south
Center Point
Came from the Great Depression when there was widespread hunger and an agricultural surplus
SNAP program
Which U.S. President is featured on the $50 bill?
Ulysses S. Grant
Which singer is known as the “Queen of Pop”?
Madonna
Which sector contributes the most to GDP
Consumer
D_______________ (people who study the growth, density, etc. of the population) say there are 3 major factors affecting population growth
Demographers
How is the poverty threshold calculated?
Multiplying the least expensive nutritionally sound food plan by 3
What’s it called when the government spends more money than it collects in taxes?
Deficit
Which element comprises the majority of the earth's atmosphere
Nitrogen
What does PI and DPI stand for? (Bonus 100: what is the difference between the two)
Person income and Disposable Personal Income
What generation is the largest portion of the current population? (Bonus 100, explain why that is a problem)
Baby Boomers
Areas where companies can locate free of tax law restrictions, typically low income areas
Enterprise Zones
What’s the name of the stock market index that tracks 30 large U.S. companies?
Dow Jones
What is the capital city of California?
Sacramento