Economic Indicators

Web Quest

Introduction

Economics is often called the "science of decision making." Just as a physician relies on indicators such as temperature, blood pressure and heart rate to determine the health of a patient, economists use indicators like gross domestic product growth, unemployment rate, consumer product index, consumer confidence and the rate of inflation to predict our nation's economic health.

How do economists make their forecasts about the United States economy? In this lesson you will use the Web to retrieve key economic statistics which will provide valuable hints about the state of the current and future economy. When the lesson is complete, you will have a new or better understanding of how economists predict our economic future.

Assignment

  1. Download and complete this Word document.
  2. Print and turn in to your teacher.

Resources

Indicator Explanation Stats

Gross Domestic Product Growth

investopedia.com

tradingeconomics.com

Google Public data

Unemployment Rate investopedia.com

tradingeconomics.com

Google Public Data

Consumer Product Index Or Rate Of Inflation investopedia.com

tradingeconomics.com

Inflation Calculator

Consumer Confidence investopedia.com tradingeconomics.com

 

Other helpful economic resources:


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