This is where a person earns interest on top of previous interest.
What is compound interest?
A portion of a company that is owned by an investor.
What is stock?
The new year of the fiscal budget starts on this date.
What is October 1st?
The branch of economics that deals with the economy as a whole.
What is macroeconomics?
The ups and downs of GDP
What is business cycle?
Goods and services produced and sold to other countries.
What is export?
All people 16 and above who are employed or seeking work.
What is Civilian Labor Force (Labor Force)?
People available for work, who make an effort to find a job and who work less than one hour a week for pay.
What is Unemployed?
A loan from a consumer to a bank.
What is CDs?
A portion of stock.
What is share?
This is the total amount of money the federal government is allowed to borrow.
What is the debt ceiling?
this is when the general level of prices rise.
What is inflation?
The decline in GDP that lasts atleast 2 quarters
What is recession?
A tax placed on imports to increase their price in the domestic market.
What is tariff?
The annual budget in which expenditures equal revenue and debt does not change.
What is balanced budget?
The total amount borrowed from investors to finance the government’s deficit spending.
What is national debt?
A loan that the government or a corporation must repay to an investor.
What is a bond?
A person who owns shares of stock in a corporation.
The budget must be sent to Congress by this day.
What is the first Monday in February?
The official count of all U.S. residents.
What is the Census?
A variety of economic indicators reach their highest level.
What is a peak?
A limit placed on the quantities of a product that can be imported.
What is a quota?
This is a period during which stock market prices move up for several months or years in a row.
What is a bull market?
A period during which stock market prices move down for several months or years in a row.
What is a bear market?
A company that sells multiple stocks to investors in one fund.
What is a mutual fund?
A market where stock buyers and sellers connect.
What is stock exchange?
The annual government spending exceeds revenue.
What is deficit spending?
This measures the goods and services produced within the country's borders.
What is Gross Domestic Product (GDP)?
The aftermath of the Recession where the GDP expands once again.
What is Expansion?
A government order prohibiting the movement of goods into a country.
What is embargo?
This is earned when a stockholder sells stock for more than they paid for it.
What is capital gain?
This is when a stockholder sells stock for lessthan they paid for it.
What is capital loss?
What is a dividend?
A person who buys or sells stocks for investors.
What is a stock broker?
The last time the U.S. had a budget surplus was in this year.
What is 2001?
This measures the goods and services produced by ONLY U.S. residents.
What is Gross National Product (GNP)?
The bottom level of the economy followed by in increase in economic activity.
What is a trough?
This group of people do NOT benefit from trade.
What is domestic producer?
People are classified as living in poverty if their incomes fall below a certain threshold.
What is the poverty threshold?
Guidelines used to determine eligibility for certain federal programs.
What is poverty guidelines?