Title: Analyze key U.S. economic indicators and their effects on the sports, entertainment, and event industries.
Course: Sports, Entertainment, and Event Management > Section: Describing the Economics of the Sports, Entertainment, and Event Industries

Analysis should include defining the following economic indicators:

- Inflation

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

Process/Skill Questions:

- How does inflation affect the cost of goods and services?
- What is the relationship between inflation and economic indicators such as productivity, the CPI, and the PPI?
- What is the relationship between rising inflation and a consumer’s ability to buy goods and services?
- How does a rising unemployment rate affect sports, entertainment, and event industries?
- What are the contributions of sports, entertainment, and events to the country’s GDP and GNP?