Show:
Measuring Activity
Business Cycle
Consumer Prices
Investing
Borrowing
100
total value of all goods and services produced in a country for one year
What is GDP?
100
the movement of the economy from one condition to another and back again
What is a business cycle?
100
an increase in the general level of prices
What is inflation?
100
a source of investment funds that banks pay interest on the amounts deposited
What is savings?
100
buy now and pay later
What is borrowing or debt?
200
output per person
What is GDP per capita?
200
a prolonged period of recession
What is depression?
200
a decrease in the general level of prices
What is deflation?
200
spending by businesses for large items such as building, equipment, land or new products
What is captial projects?
200
the term used when a government spends more than it brings in
What is deficit?
300
the country with the highest annual GDP?
What is USA?
300
a phase when unemployment decreases, demand increases and the GDP begins to rise again
What is recovery?
300
the meaning of acronym CPI
What is consumer price index?
300
a place where ownership of companies can be publicly traded
What is stock market?
300
the total amount owed by the federal government
What is national debt?
400
the portion of people in the labor force who are not working
What is unemployment rate?
400
a time when people are working, production is high, wages are high and the GDP is increasing
What is prosperity?
400
a potential cause of inflation
What is when demand far outpaces supply?
400
FREE MONEY
What is 400?
400
the term used when government brings in more money than it spends
What is surplus?
500
the sale of goods by businesses to consumers
What is retail sales?
500
a time with decreasing demand, lowering production, increasing unemployment and slow GDP growth
What is recession?
500
a number that compare prices in one year with prices in an earlier year
What is consumer price index?
500
an investment that represents debt for a company
What is bond?
500
two solutions to erase a deficit
What are reduce spending or increase revenue?