Economic Activity
How many times are goods and services added to the GDP?
What is 1 time
low unemployment, goods and services are produced in record numbers, wages are good and the rate of GDP increases.
what is Prosperity
Which is the least risky type of investment?
personal savings
the total value of all goods and services produced with a country in a given year
GDP
output per person
GDP per capita
If a country in Europe builds products in the USA is it counted on their GDP or the US GDP?
What is the USA GDP
long period of high unemployment, weak consumer sales, and business failures
depression
investment type where you acquire ownership in a corporation
stocks
increase in the general level of prices
inflation
the sale of durable and non-durable goods bought by consumers
retail sales
Country A has a GDP of 200,000 and country B has a GDP of 400,000 both countries have the exact same population. Which has the higher GDP per capita?
Country B
GDP slows and demand begins to decrease
recession
Investment type when you are the creditor
bonds
production output in relation to a unit of input
productivity
the decrease in the general level of prices
deflation
How do you find the GDP per capita?
GDP/population
Unemployment beings to decrease, demand for good and services begins to increase
Recovery
Why do companies sell stocks or bonds?
to raise money for capital projects
comparing prices in one year with prices at a different point in time
price index
salaries and wages as well as investment income
personal income
Name 1 way to improve productivity?
improvements in equipment and technology, worker training, management techniques
What percentage of inflation is generally considered a good thing?
2-3%
Why would someone invest in stocks?
higher risk equals higher return
business spending on items such as land or buildings
capital projects
the total amount owed by the federal govt
national debt