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Macroeconomics
1. What was the unemployment rate in May 2019 in the US.
2. What was the annual average inflation rate for the 12
months ending in May 2019?
3. How much is the current US government debt?
4. How much was the U.S. surplus or deficit in 2018 in
dollars?
5. How much was the median household income in 2017
(not adjusted for inflation)?
6. What percent of the federal , state, and local budgets in
fiscal year 2019 was spent on welfare for families and
children?
7. What percent of the federal budget was spent of foreign
economic aid in fiscal year 2019?
8. What is the definition of economics
First-day game for
Introduction to
Macroeconomics
Lisa Daniels
Washington College
Instructions
 Form groups of 3 to 4 students.
 Take out one sheet of paper and record your group’s
final answer to each question.
 I will write each group’s answer on the board in a grid
for all questions.
 We will then reveal them one-by-one to see who wins
(by having the largest number of answers that are
closest to the actual answer)!
 Have fun! Take risks. It’s okay not to know the
answers!
Answers
1. 3.6% unemployment rate in May 2019
2. 1.8% average annual inflation rate
3. https://www.usdebtclock.org/index.html#
4. $779 billion dollars deficit in 2018
5. $61,372 median income in 2017
6. 3.6% of federal, state, and local budgets was spent
on welfare for families and children in FY 2019
7. 0.6% was spent on foreign economic aid in FY
2019
8. Allocation of scarce resources among competing
ends

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First day game for introduction to macroeconomics

  • 1. Macroeconomics 1. What was the unemployment rate in May 2019 in the US. 2. What was the annual average inflation rate for the 12 months ending in May 2019? 3. How much is the current US government debt? 4. How much was the U.S. surplus or deficit in 2018 in dollars? 5. How much was the median household income in 2017 (not adjusted for inflation)? 6. What percent of the federal , state, and local budgets in fiscal year 2019 was spent on welfare for families and children? 7. What percent of the federal budget was spent of foreign economic aid in fiscal year 2019? 8. What is the definition of economics
  • 2. First-day game for Introduction to Macroeconomics Lisa Daniels Washington College
  • 3. Instructions  Form groups of 3 to 4 students.  Take out one sheet of paper and record your group’s final answer to each question.  I will write each group’s answer on the board in a grid for all questions.  We will then reveal them one-by-one to see who wins (by having the largest number of answers that are closest to the actual answer)!  Have fun! Take risks. It’s okay not to know the answers!
  • 4. Answers 1. 3.6% unemployment rate in May 2019 2. 1.8% average annual inflation rate 3. https://www.usdebtclock.org/index.html# 4. $779 billion dollars deficit in 2018 5. $61,372 median income in 2017 6. 3.6% of federal, state, and local budgets was spent on welfare for families and children in FY 2019 7. 0.6% was spent on foreign economic aid in FY 2019 8. Allocation of scarce resources among competing ends

Editor's Notes

  1. http://www.usgovernmentspending.com/us_welfare_spending_40.html For welfare, use hyperlink. Divided $ amount spent on family and children – total – fed, state, local by total spending for same year For foreign aid Same link as above – called foreig) http://www.bls.gov/home.htm n economic aid