GDP
Unemployment
Employment
GDP
GDP
100
CPI
What is an index that reports on price changes for about 90,000 goods and services?
100
cyclical unemployment
What is unemployment that is directly related to swings in the business cycle?
100
a worker quits one job in order to search for another.
What is frictional unemployment?
100
reflects the total market value of all final goods and services produced in a given year.
What is GDP?
100
70% of GDP.
What is consumption expenditure?
200
ten years
What is the census?
200
producers cause inflation.
What is cost-push theory?
200
lacks the skills necessary to be employed.
What is structurally unemployed?
200
a good used only in the production of other products.
What is an intermediate good?
200
clothing, television sets, restaurant meals.
What is consumption expenditure?
300
consumer sector
What is the largest sector of the macroeconomy?
300
consumers cause inflation.
What is demand-pull theory?
300
96% or greater have a job.
What is full employment?
300
a good directly consumed by individuals.
What is a final good?
300
include automobiles and refrigerators.
What is durable goods?
400
difference between the dollar value of goods sent abroad and goods purchased from abroad.
What is the (f)oreign sector?
400
all persons age 16 and over who are either working for pay or have actively sought paid employment in the last six months.
What is labor force?
400
decrease in the price level.
What is deflation.
400
double counting
What is why GDP calculations count only final goods and services?
400
last for a short period of time.
What is a non-durable good.
500
extending expansions alternating with brief recessions.
What is business cycle since World War II?
500
not part of the labor force.
What is a discouraged worker?
500
economy fails to grow for at least six months.
What is recessions?
500
economic growth.
What is sustained increases in real GDP over time?
500
durable, non-durable goods, and services.
What is included in consumption expenditure?