Sunday, February 10, 2008

GLEs on "The Economy as a Whole"

The final subunit on economics concerns "The Economy as a Whole."

Economics
The Economy as a Whole
  • 59. Explain the meaning of various economic indicators that help describe the state of an economy (e.g., GDP, CPI, stock market indices, rate of unemployment or inflation) (E-1C-M1)
  • 60. Define inflation and unemployment in terms of an economic system as a whole (E-1C-M2)
  • 61. Describe the influence/impact of inflation or unemployment on different groups of people (e.g., consumers, business owners) (E-1C-M2)