Show:
GDP
Labor activities
Consumer Spending
Business cycle
Consumer prices
100
Gross domestic product
What is the meaning of GDP
100
60 hours
In the 1890's about how many hours did people work a week
100
sales of durable and non durable sales brought by consumers
What is retail sales
100
prosperity, recession ,depression and recovery
What what are the four phases of the business cycle
100
increase in prices
What is inflation
200
GDP per capita
What is another way to measure economic growth
200
40 hours
About how many hours do people work a week now
200
salaries and wages
What is personal income
200
when unemployment begins to decrease
What is recovery
200
decrease in prices
What is deflation
300
Consumer, business , government and export
What are the four components of GDP
300
How many people in the labor force who are not working
What is an unemployment rate
300
Investment income and government payments
What are the main sources of personal income
300
long period of business failure
What is depression
300
a number that compares in one year with some earlier base year
What is price index
400
United States (10.9 trillion)
Which country had the highest GPA
400
It is the production output in relation to a unit of input
What is productivity
400
salaries and wages
Fill in the blank. Personal income refer to__________as well as investment income and government payments to individuals.
400
when demand begins to decrease
What is recession
400
about 2 or 3 percent
What would be considered mild inflation
500
Bolivia (21.4 billion)
Which country had the lowest GPA
500
False
True or false. Americans work more hours than people in foreign countries
500
b.companies buying new equipment
Retail sales include a. taxes collected b.companies buying new equipment c.borrowing by businesses d.school supplies brought by students
500
the peak of the business cycle
What is prosperity
500
consumer price index
What is CPI