Title: Describe economic indicators, such as gross domestic product (GDP), consumer price index (CPI), and unemployment rate.
Course: Economics and Personal Finance (19262-I) > Section: Demonstrating Knowledge of a Nation's Economic Goals

Description should include

- defining the terms gross domestic product (GDP), consumer price index (CPI), unemployment rate,  full employment, underemployment, and labor force participation

- explaining that a nation's overall levels of income, employment, and prices are determined by the interaction of spending and production decisions made by households, firms, government agencies, global markets, and others in the economy
- explaining that economic goals include
  - full employment (measured by the unemployment rate)
  - stable prices (measured by indices such as the CPI)
  - economic growth (measured by GDP).