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Ch 59: CEOE Business Education: Economic Indicators

About This Chapter

Take an in-depth look at economic indicators with our short and concise video lessons and quizzes. You can easily prepare for the CEOE Business Education exam with the flexible format of our videos.

CEOE Business Education: Economic Indicators - Chapter Summary

Gross domestic product, recession and consumer price index are all topics you could see on the CEOE Business Education exam, and our brief video lessons offer a fun approach to reviewing these subjects before you take the exam. With our lessons, you can refresh your knowledge of:

  • Real output and price level
  • Unemployment rate measurement
  • The business cycle
  • Productivity and the economy
  • Differences between recession and depression
  • Economic fluctuations, slowdowns and outputs
  • Economic trends

Subject-matter experts lead these videos and use animations and real-world examples to illustrate these concepts and make your review simple and entertaining. You can use the transcripts to follow along with the videos or locate key terms and definitions then take the self-assessment quizzes to make sure you understand the material before moving on to the next lesson.

Objectives of the CEOE Business Education: Economic Indicators Chapter

Oklahoma's teacher certification process requires aspiring business teachers to pass the CEOE Business Education exam in order to get certified. The exam focuses on five subareas: business management, marketing, business technology, accounting and finance. The finance and economics subarea is where you'll be tested on your knowledge of economic indicators; this subarea makes up 17% of the test. The exam primarily consists of multiple-choice questions, and you can prepare for the style of these questions by first taking our quizzes that are set up in the same format.

11 Lessons in Chapter 59: CEOE Business Education: Economic Indicators
Test your knowledge with a 30-question chapter practice test
Gross Domestic Product: Definition and Components

1. Gross Domestic Product: Definition and Components

Learn how economists measure the total production of an economy using gross domestic product (GDP). This lesson also outlines the components that make up a GDP. How do we calculate the economic value of a nation?

Real Output, Price Level and the Real Gross Domestic Product

2. Real Output, Price Level and the Real Gross Domestic Product

GDP is an important economic indicator, and it must be understood to be analyzed. In this lesson, you'll learn how price levels impact output and GDP and how real GDP can be calculated.

Defining and Measuring the Unemployment Rate

3. Defining and Measuring the Unemployment Rate

You've probably heard about the unemployment rate, especially given how high it was in the 2008 recession. Find out how economists define unemployment, what the unemployment rate is, and how to calculate it in this lesson.

The Business Cycle: Economic Performance Over Time

4. The Business Cycle: Economic Performance Over Time

Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.

Productivity: The Economy's Long-Run Growth Engine

5. Productivity: The Economy's Long-Run Growth Engine

Using real-world examples, you'll learn more about what productivity is and four things that determine it within a nation - physical capital, technology, human capital, and natural resources.

Consumer Price Index: Measuring the Cost of Living and Inflation

6. Consumer Price Index: Measuring the Cost of Living and Inflation

In this lesson, you'll learn what the Consumer Price Index is and how it measures changes in the level of prices in an economy. You'll also learn about the important economic concepts of inflation and deflation. Why do prices always seem to be going up?

Recession vs. Depression: Definitions and Differentiation

7. Recession vs. Depression: Definitions and Differentiation

Discover the real differences between recession and depression, including how economists actually define the two terms and when they have happened in the past.

Economic Fluctuations: Definition & Model

8. Economic Fluctuations: Definition & Model

Economies go up, and economies go down. In this lesson, you'll learn about economic fluctuations, including what they are as well as look at the dominant model.

Economic Slowdown: Definition & Overview

9. Economic Slowdown: Definition & Overview

Economies fluctuate up and down. Sometimes economies will speed up, and sometimes they will slow down. In this lesson, you'll learn about economic slowdowns and their role in the business cycle.

Economic Output: Definition & Overview

10. Economic Output: Definition & Overview

Economic output is one of the most important economic measures for a country. In this lesson, you'll learn what economic output is as well as some related concepts.

What is an Economic Trend? - Definition & Overview

11. What is an Economic Trend? - Definition & Overview

Buying groceries or borrowing money are just two ways economic trends play a part in our daily lives. In this lesson, we will look at a few of the most significant economic trends to understand how they affect us.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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