measuring economic activity
economic conditions change
100
the total dollar value of all final goods and services
What is GDP
100
movement of the economy from one condition to another and back again
What is business cycle
200
out put per person
What is GDP per capita
200
high unemployment, weak consumer sales, and business failures
What is depression
300
the portion of people in the labor force who are not working
What is unemployment rate
300
most people who want to work are working
What is prosperity
400
the sales of durable, and nondurable goods bought by consumers
What is retail sales
500
the production output in relation to a unit of input, such as a worker
What is productivity
M
e
n
u