Aim: How is the economy measured? Do Now: How do we know if the US is performing well or poorly?

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Presentation transcript:

Aim: How is the economy measured? Do Now: How do we know if the US is performing well or poorly?

Consumer Price Index(CPI) Is the main economic indicator to determine the rate of inflation. They use a bundle of 200 different products to indicate whether prices are rising or going down. Is measured monthly, is important because rises in Social Security payments are related to the CPI.

Leading Economic Indicators- Are used to determine the state of the economy Gross Domestic Product(GDP) Is the total monetary value of all the goods and services produced by the entire economy during a quarter less international activity. The number to look for is 2.5%-3%. This is the most important of all the economic indicators.

Economic Indicators Consumer Confidence Index-Measures 5000 households to determine how confident they are about the economy. Durable Goods Orders-Measures how much businesses are spending on long term purchases. This indicators provides insight into the strength of the manufacturing sector, and is broken down by industries.

Economic Indicators Unemployment rate- Is announce monthly, this figure also includes the number of new jobs created and the number of new filings for unemployment. Along with GDP, the unemployment numbers are the most important economic indicators. Retail Sales Index-Measures the total retail sales for the entire country. From Target to the smallest deli in the country. Is a measure of consumer spending.