principle X interest + interest creating a mathematical explosion
What is compound interest called?
100
the amount of interest an individual pays to borrow for the purchase of a home
What is mortgage called called?
100
t-bill
What is a short-term (13-week) U.S. government debt obligation called?
200
"if something can go wrong, it will go wrong'
What is murphy's law called?
200
amount owed by federal government for all the treasury bills, notes, and bonds they have issued to borrow money from other countries and individuals like you and I
What is national debt called?
200
spending by a business for big projects such as land, expansions, buildings, or equipment called? (This may involve a company taking their company public and doing an IPO)
What is capital projects called?
300
Dave Ramsey's Baby Step 1
What is $1000 in an emergency fund called?
300
prosperity
What is period where most people who want to work are working, businesses are produce goods and services in record numbers, wages are good, and the rate of GDP growth is increasing called?
400
period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GD[p growth slows for two or more quarters for the calendar year
What is recession called?
500
GDP (Gross Domestic Product) per Capita
What is the total value of goods and services produced by each person each year?
500
recovery
What is the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again called?