Productivity
How do you calculate productivity?
Output divided by Input
What normal people buy is called this.
Consumption
Employees are called this.
Labor
Regulates the safety of the workplace.
OSHA
When GDP is up, this is usually down.
Unemployment
Productivity is a determinant for what?
Supply
What businesses purchase is called this.
Investment
Money or equipment to produce goods and services.
Capital
Regulates the production of what we ingest.
Food and Drug Administration (FDA)
What made it legal to tax our income?
16th Amendment
Productivity usually leads to this.
Economic Growth
What's the "formula" for Net Exports?
Exports - Imports
Natural resources such as timber, water, etc.
Land
competition; protect
What bad thing happens in a recession?
One way to increase productivity.
education or technology
GDP over time is called this.
Business Cycle
A person or people who are willing to put ideas together and take a risk.
Entrepreneurial Ability
What are Zoning Laws?
Laws to protect property owners.
Too much money causes this.
Inflation
Increased productivity generally increases inflation. True or false?
False
What is the Standard of Living?
GDP/capita
Goods used to create other goods.
Capital Goods
The US central bank. It regulates banks and conducts monetary policy.
The Federal Reserve
The best reason to incorporate.
Limited Liability