Unit 2: Economic Indicators and the Business Cycle

/ Unit 2: Economic Indicators and the Business Cycle

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You’ll look at how economic phenomena such as employment and inflation are measured.

Question Difficulty:

Question	Difficulty	Students Solved
Unemployment Rate Calculation	medium	24
Income Approach to GDP	medium	28
Real vs Nominal GDP Growth	medium	21
Output Gap During a Recession	easy	25
GDP Deflator Measurement	easy	19
Unemployment and Inflation During Expansion	medium	23
Real Versus Nominal Income	easy	16
Real vs Nominal GDP	easy	25
Defining Inflationary Concepts	medium	17
Changes in the Natural Rate of Unemployment	medium	18
Business Cycle Peak Definition	easy	14
Labor Force Participation Rate Calculation	easy	17
Phases of the Business Cycle	easy	16
Unemployment and Economic Downturns	easy	14
Nominal Versus Real Income	medium	15
Calculating Change in Purchasing Power	medium	9
Nominal vs Real Income	easy	11
GDP Per Capita and Economic Welfare	medium	8
GDP Deflator and Price Level	easy	13
Calculating Real Value Using CPI	medium	8

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Rank	User	Correct Count	Attempt Count	Time	Score
#1	jcbaird17	108	122	7m 26s	10,214
#2	weitaolim986	95	108	0m 00s	9,370
#3	jovita.bhaumik	54	60	0m 00s	5,340
#4	kazemy58	51	79	0m 00s	4,820
#5	mateozoretic	49	63	0m 05s	4,755
#6	jia.savla10	36	49	2m 44s	3,306
#7	sararestrepoov	33	40	0m 00s	3,230
#8	eleanorpark	30	36	0m 00s	2,940
#9	Alex.Sun28	27	36	0m 00s	2,610
#10	omar.hossam2612	51	60	41m 45s	2,505

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