Vocabulary
The total value of all final goods and services produced in a country during one year.
What is the Gross Domestic Product?
This is what we are studying currently?
What is Marketing?
What is the abbreviation GDP?
What is Gross Domestic Product?
A number that compares prices in one year with some earlier base year.
What is Price Index?
The bleacher's aren't safe at this high school?
What is Pilgrim High School?
The production output in relation to a unit of input, such as a worker.
What is Productivity?
This what we are going to study in your junior year?
What is Management?
The portion of people in the labor force who are not working.
What is the Unemployment Rate?
An increase in the general level of prices.
What is Inflation?
This is where Maria, our guest speaker, works?
What is Macy's?
The sales of durable and non-durable goods bought by consumers.
What are Retail Sales?
This is the name of the person whose job title is WACTC Guidance Counselor.
Who is Mrs. Hourahan?
Salaries and wages as well as investment income and government payments to individuals.
What is Personal Income?
This is happened in the U.S. in 1929.
What is the Great Depression?
This state hosted the deadly Travis Scott concert.
What is Texas?
The output per person, calculated by dividing gross domestic product (GDP) by the total production.
What is GDP per capita?
This is the name of the person whose job title is WACTC Department Head.
Who is Mr. Kelly?
The movement of the economy from one condition to another and back again. The four phases are prosperity, recession, depression, and recovery.
What is a Business Cycle?
The phase in the business cycle in which unemployment begins to decrease, demand for goods and services increases, and gross domestic product (GDP) begins to rise again.
What is Recovery?
This country is 2nd, behind the U.S., total GDP, per capita?
What is China?
The phase of the business cycle in which demand begins to decrease, businesses lower production, unemployment begins to rise, and gross domestic product (GDP) growth slows for two or more quarters of the calendar year.
What is a Recession?
This is what we are going to study your senior year.
What is Entrepreneurship?
The phase of the business cycle that is marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
What is a Depression?
The peak of the business cycle, it is a period in which most people who want to work are working, businesses produce goods and services in record numbers, wages are good, and the rate of gross domestic product (GDP) growth increases.
What is Prosperity?
What was the name of the sandwich shop who featured the spongmonkeys?
What is Quiznos?