Inflation & Pricing
Everyday items cost more money and each dollar buys you less than it used to.
What is Inflation?
The total value of all goods and services made in a country over a certain period of time.
What is GDP?
The percentage of people who want to work and are searching for a job but haven't found one yet.
What is unemployment rate?
A general drop in the prices of goods and services across an economy over time.
A slow period in the country's business and money system where people buy less and many workers lose their jobs.
What is a recession or economic crisis?
A type of job loss that happens because certain jobs are only needed during specific times of the year.
What is seasonal unemployment?
A situation where prices for good and services rise extremely fast.
What is hyperinflation or overinflation?
A sale where someone buys an item that was already owned by another person.
What is a used good or resale?
It contains things regular people buy, like food, gas, clothes, and rent.
What is CPI? (Consumer Price Index)