Global economic statistics
From OpenContent Curriculum
Understands the meaning of economic statistics as related to the standard of living (unemployment percentage, gross domestic product, inflation, interest rates).
MODIFIED STANDARD:
Feel free to edit the standard as you see fit. Use the discussion or Talk page to explain your reasons for changes.
STANDARD UNPACKED:
KNOW
Define following terms:
- consumer price index:
- gross domestic product:
- inflation:
- interest rates:
- unemployment rate:
- first world country
- third world country
ABLE TO DO
Compare first and third countries with the U.S. Describe how economic statistics can indicate a certain standard of living.
Resources
Reliable information about countries:
Department of State Background Notes
WW II: Germany, an example of inflation
