Title: Describe U.S. economic indicators and their effects on the sports and entertainment industries.
Course: Sports and Entertainment Management (12163-II) > Section: Describing the Economics of the Industries

Description should include defining the following economic indicators and discussing how each one of these will affect consumer-spending habits concerning sports and entertainment activities:

- Inflation
- Employment
- Deflation
- Pricing
- Gross Domestic Product (GDP)
- Productivity
- Gross National Product (GNP)
- Consumer Price Index (CPI)
- Producer Price Index (PPI)

Process/Skill Questions:

- What is the relationship between pricing and inflation?
- How do productivity, CPI, and PPI relate to inflation?
- What effect does inflation have on purchasing power?
- How does a rising unemployment rate affect sports and entertainment industries?
- What are the contributions of sports and entertainment to the country’s GDP and GNP?