Random
Vocabulary
100
or the sales of durable and non-durable goods bought by consumers.
What is retail sales?
100
The total value of all final goods and services produced in a country during one year.
What is Gross domestic product?
200
Is to compare output from year to year.
What is one way to find out how well and an economy is doing?
200
Output per person
What is GDP per capita?
300
Growing
When the GDP is increasing per capita, it is doing what?
300
Is the portion of people and the labor force who are not working.
What is unemployment rate?
400
more than 155 million
How many people are working in the United States?
400
Output in relation to a unit of input, such as a worker.
What is Productivity?
500
16
The labor force consists of all people above the age of what?
500
refers to salaries and wages as well as investment income and government payments to individuals.
What is Personal income?
M
e
n
u