Directions to create Jeopardy Game Open template Save As (whatever title you choose) File open Type in categories by clicking on the text box Use the.

Directions to create Jeopardy Game

Open template

Save As (whatever title you choose)

File open

Type in categories by clicking on the text box

Use the scroll bar to scroll to the Question & Answer slides

Create a question to fit in each valued box for each category

Directions to play Jeopardy

Slide show--view show

Click mouse until Jeopardy music plays

Slowly click categories onto the screen

Wait until the music stops playing

Cave students select questions in a specific category and for a specific dollar amount

Click on the selected question

Click mouse again to view the answer

Click on the icon head in the bottom left hand corner to return to the main menu board

EconomicsGDP, Growth, and Economic Challenges

Gross Domestic Product

Business Cycle

Unemployment Vocabulary Vocabulary

Q $100

Q $200

Q $300

Q $400

Q $500

Q $100 Q $100Q $100 Q $100

Q $200 Q $200 Q $200 Q $200

Q $300 Q $300 Q $300 Q $300

Q $400 Q $400 Q $400 Q $400

Q $500 Q $500 Q $500 Q $500

Final Jeopardy

$100 Question from C1

Gross Domestic Product calculated using constant unchanging prices

$100 Answer from C1

Real GDP

$200 Question from C1

Which of the following is an example of a final good or service?

a. Cheese a restaurant purchases to make pizza

b. Eggs a bakery purchases to make cookies.

c. Concrete purchased to build a housed. A computer purchased at Costco

$200 Answer from C1

D. A computer purchased at Costco

$300 Question from C1

What is considered to be the best measure of a nation’s standard of living?

$300 Answer from C1

Per Capita GDP

$400 Question from C1Which of the following products would be included in

the calculation of GDP

a. Computers manufactured in India by a U.S. firm

b. Blankets manufactured in China and sold to U.S. companies

c. Cameras manufactured in California by a Japanese company

d. Cotton grown in Arizona and sold to a company in California to make clothing

$400 Answer from C1

c. Cameras madeIn California

$500 Question from C1

The dollar value of all final goods and services produced within a country’s borders in a given year

$500 Answer from C1

Gross Domestic Product

$100 Question from C2

Name the four phases of the business cycle

$100 Answer from C2

Expansion, Peak, Contraction, Trough

$200 Question from C2

The lowest point in an economic contraction, when Real GDP stops falling

$200 Answer from C2

Trough

$300 Question from C2

The process of increasing the amount of capital per worker

$300 Answer from C2

Capital Deepening

$400 Question from C2

A prolonged economic contraction lasting at least 2 consecutive quarters (6 months)

$400 Answer from C2

Recession

$500 Question from C2

A period of macroeconomic expansion followed by a period of contraction

$500 Answer from C2

Business Cycle

$100 Question from C3

What is the normal unemployment ratewhen the economy is working properly (full employment)?

$100 Answer from C3

4% to 6%

$200 Question from C3

Unemployment that occurs when people take time to find a job. Such as a college graduate who is looking for the right job.

$200 Answer from C3

Frictional Unemployment

$300 Question from C3

Unemployment caused by a downturn in the economy

$300 Answer from C3

Cyclical Unemployment

$400 Question from C3

Unemployment that occurs when workers’ skills do not match the jobs that are available. Example: a worker who has been laid off because their company has relocated to another country.

$400 Answer from C3

Structural Unemployment

$500 Question from C3

The level of employment that is reached when there is no cyclical unemployment

$500 Answer from C3

Full Employment

$100 Question from C4

The income level set by the federal government which is deemed insufficient to support a family

$100 Answer from C4

Poverty Threshold

$200 Question from C4

The total dollar value of all goods and services available in the economy at all Possible price levels.

$200 Answer from C4

Aggregate Supply

$300 Question from C4

The highest point in an economic expansion where Real GDP stops rising.

$300 Answer from C4

Peak

$400 Question from C4

Economic variables that economists use to predict a new phase of the business cycle

$400 Answer from C4

Leading Indicators

$500 Question from C4

The total amount of goods and services in an economy that will be purchased at all price levels

$500 Answer from C4

Aggregate Demand

$100 Question from C5

The percentage of change in price level over time

$100 Answer from C5

Inflation Rate

$200 Question from C5

Consumer goods that last for a relatively long period of time

$200 Answer from C5

Durable Goods

$300 Question from C5

Working at a job for which a person is overqualified or working part-time when you want to work full-time

$300 Answer from C5

Underemployed

$400 Question from C5

A person who wants a job but has given up looking

$400 Answer from C5

Discouraged worker

$500 Question from C5

A measurement of how the average price of a standard group of goods changes over time.

$500 Answer from C5

Consumer Price Index

Final JeopardyCalculate GDP:Consumer Spending = 5 millionBusiness Investment = 10 millionGovernment Spending = 15 MillionExports = 3 millionImports = 5 million

Final Jeopardy Answer

28 million