The portion of people in the labor force who are not working is called what?
What is unemployment rate.
100
This movement of the economy from one condition to another and back again is called what?
What is business cycle
100
Debt for an organization is called what?
What is bond
100
A decrease in the general level of prices is called what?
What is deflation
200
The production output in relation to a unit of input, such as a worker is what?
What is productivity
200
A period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calender year is what?
What is recession
200
Ownership in a corporation is what?
What is stock
200
An increase in the general level of prices is called what?
What is inflation
300
Salaries and wages as well as investment income and government payments to individuals is known as what?
What is personal income.
300
The phase in which unemployment begins to decrease, demand for goods and services increase, and GDP begins to rise again is called what?
What is recovery
300
what is the result called when a government spends less than it takes in?
What is budget surplus
300
what is calculated by dividing GDP by the total population?
What is GDP per capita
400
The sales of durable and non-durable goods bought by consumers is what?
What is Retail sales
400
A phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures is called what?
What is depression
400
A major source of investment funds is called what?
What is personal savings
400
What is the three main sections of Economic Activity?
What is Measuring Economic Activity, Economic Conditions Change, and Other Measures of Business Activity.
500
The total dollar value of all final goods and services produced in a country during one year is what?
What is Gross domestic product or GDP.
500
A period in which most people who want to working, businesses produce goods and services in record numbers, wages are good, and the rate of GDP growth increases is what?
What is prosperity
500
Money spent by s business for an item that will be used over a long period is what?
What is capital projects
500
A number that compares prices in one year with some earlier based year is what?