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vocabulary
vocabulary
vocabulary
vocabulary
100
The total dollar value of all final goods and services produced in a country
What is Gross domestic product
100
The sales of durable and non durable goods bought by consumers
What is Retail sales
100
Is the phase in which unemployment begins decease and demand for goods and services increase
What is recovery
100
Represents ownership in a corporation
What is stock
200
Economic growth or output per person
What is Gdp per capita
200
The movement of the economy from one condition to another and back again
What is Business cycle
200
Is an increase in the general level of prices
What is inflation
200
Represents debt for an organization
What is bond
300
The portion of people in the labor force who are not working
What is Unemployment rate
300
Is periods in which most people who want to work are working businesses produce goods and services in record numbers
What is Prosperity
300
Is a number that compares prices in one year to some earlier base years
What is price index
300
A government may spend less than it takes in
What is budget surplus
400
The production output in relation to unit of input
What is Productivity
400
Is a period in witch demand begins to decrease, businesses lower production
What is Recession
400
A decrease in the generally level of prices
What is deflation
400
In contrast a government may spend more than it takes in
What is budget deficit
500
Refers to salaries and wages as well as investment income and government payments to individuals
What is Personal income
500
Is a phase marked by a prolonged period of high unemployment
What is depression
500
Involve spending by businesses for items such as land
What is capital projects
500
The total amount owed by the federal government
What is national debt