Download Unit 3: Economic Indicators WebQuest

Economic Indicators WebQuest
Consumer Education
Name: ________________________________________
Period: _____________
Go to www.brillig.com/debt_clock .
What is the current U.S. National Debt? $ __________________________________________________
How much is each U.S. citizen’s share of the debt? $ _________________________________________
How much each day does the national debt increase?
$ ______________________________________
Refresh the website or hit the F5 key on your keyboard.
What happened to the amount of the U.S. National Debt? _____________________________________
Why did this happen? ____________________________________________________________
______________________________________________________________________________
If you found that website depressing, unfortunately it gets worse. Go to www.usdebtclock.org .
(You can move your mouse over each item to read what each number represents.)
What is the current amount of U.S. Federal Tax Revenue?
What is the current amount of U.S. Federal Spending?
$ __________________________________
$ _____________________________________
Which of these two is higher? _____________________________________________________
In your own words, what does this mean? ___________________________________________
______________________________________________________________________________
Which statistic from this website do you find most interesting? _________________________________
How much is it?
$ ______________________________________________________________
Why do you find this to be interesting or what do you interpret from it? ___________________
______________________________________________________________________________
Go to www.xe.com/ucc . Convert the following currencies into U.S. Dollars:
1 Euro = $ ____________ U.S. Dollars
1 Mexican Peso = $ _______________ U.S. Dollars
1 Canadian Dollar = $ ________________U.S. Dollars
Updated 1/30/15 SRL
Now, choose one on your own:
1 _______________________________ = $ ________________________ U.S. Dollars
Assume that one McDouble cheeseburger costs 1 Euro in Europe and $1 in the U.S. In terms of U.S.
dollars, where is the McDouble more expensive? ____________________________________________
Go to www.bls.gov .
What is the current Consumer Price Index (CPI)? ____________________________________________
What was the CPI in May 2012? ___________________________________________________________
What does the negative (-) number mean? ___________________________________________
How is the CPI calculated? _______________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
The CPI can be summed up in one word… the CPI is a measure of _______________________________.
What is the current U.S. Unemployment rate? ______________________________________________
What was the U.S. Unemployment rate in October of 2009? _____________________________
What was the U.S. Unemployment rate in October of 2006? _____________________________
Go to www.google.com . Type “GDP” into the search bar.
What does GDP stand for? _______________________________________________________________
What was the GDP amount for 2014? $ ____________________________________________________
What is the GDP a measure of? ___________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Which of the following expressions could be associated with the GDP? (Circle one)
“Dependence on foreign oil” “Made in America” “Rock the vote” “The American Dream” “Yes we can”
Updated 1/30/15 SRL