Measuring Economic Activity
Economic Conditions Change
Other Measures of Business Activity
Business Language
Random
100
Dinner preparations for your family
What types of economic activities are not included in GDP?
100
No, Deflation is a decrease in the general level of prices
Does deflation result in lower buying power and money? If no, what is deflation?
100
Ownership in a company or other asset
Equity refers to.....
100
Bond represents debt for an organization
What is bond?
100
"Buy now, pay later"
What commonly occurs in most economies of the world?
200
By expanded production technology
What are ways to increase productivity?
200
Yes it is true
Is it true,when consumers increase their borrowing, interest rates tend to decline
200
They spend more money
Which of the following would most likely cause a budget surplus for government?
200
It is the total dollar value of all final goods and services produced ina country during one year
What is gross demestic product (GDP)?
200
Interest rates
In simpler terms, what represents the cost of money?
300
Companies buying new equipment
Retail sales include.....
300
It is depression
The phase of the business cycle in which unemployment is highest is......
300
It involves spending by businesses for items such as land, buildings, equipment, and new products
Name some examples of capital projects.
300
Business cycles are the recurring ups and downs of GDP
What is business cycle?
300
Our economic activity
Over the decades, what have economists observed tends to move in cycles?
400
Personal income provide the foundation for buying needed goods and services
What are the main sources of personal income?
400
Companies and governments that borrow money are affected
How do interest rates affect business activities in our economy?
400
The cause is the government spending more than it takes in
What is the cause of a budget deficit?
400
Depression is a phase marked by prolonged period of high unemployment, weak consumer sales, and business failures
What is depression?
400
The money you earn and spend
What is the most important factor for economic growth?
500
About 130 million people
About how many peple work in the United States?
500
They are prosperity, recession, depression, and recovery
What are the four phases of the business cycle?
500
They are people without adequate health care, no proper housing, traffic and crimes, and unemployed or do not have appropriate employment
What are future economic concerns for a country's economy?
500
National debt is the total amount owed by the federal government
What is national debt?
500
Economic growth refers to a steady increase in the production of goods and services in an economic system
What refers to a steady increase in the production of goods and services in an economic system?
M
e
n
u