National Income Accounting
Correcting Statistics for Inflation
Aggregate Supply & Demand
Business Fluctuations
Causes/Indicators of Business Inflation
100
The broadest measure of the economies health
What is Gross Domestic Product
100
Inflation.
What is prolonged raise in the general price if goods and services?
100
Aggregates.
What is the summation of all the individuals in the economy?
100
A period of prosperity.
What is a Peak or a Boom?
100
In-use inventions & new product technology?
What are Innovations?
200
Depreciation
What is The loss of value because if wear & tear to consumer durables?
200
Deflation.
What is prolonged decline in general price level?
200
Aggregate Demand
What is The quantities of goods/services in the entire economy that all citizens will demand at any time?
200
A 6 month period that GDP doesn't grow.
What is a Recession?
200
Statistics that measure variables in the economy.
What are Economic Indicators?
300
Net Domestic Product.
What accounts for loss of value.
300
The Consumer Price Index
What is the change in price over time of a specific group of goods or services?
300
The Aggregate Demand Curve.
What shows Aggregate Demand?
300
When a recession is really bad.
What is a Depression?
300
Changes in economic & business activity at the same time.
What are Coincident Indicators?
400
Income left over after taxes.
What is Disposable Personal Income?
400
Base Year.
What is used as a point of reference for comparison to other years.
400
The Real Domestic output of producers based on the ups & downs of prices.
What is Aggregate Supply?
500
Net Exports
What is the difference between Exports & Imports.
500
Real GDP.
What is The price deflator for GDP in any new year?
500
Shows Aggregate Supply.
What is the Aggregate Supply Curve used for?
500
When there is an increase in total economic activity?
What is a Recovery?
500
Lags in changes in overall economic activity.
What is Lagging Indicators
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