is the total dollar value of all final goods and services produced in a country during one year.
100
what is prosperity?
prosperity is a period in which most people who want to work are working businesses produce goods and services in record numbers, wages and good.
100
what is a bond?
A bond represents debt for an organization.
200
what is gdp per capita?
another way to measure economic growth is GDP per capita or capita is calculated by dividing GDP by the total population
200
what is recession?
Recession is 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 calendar year.
200
what is a stock?
A stock represents ownership is commonly called equity. this term means " ownership."
300
what is personal income?
it refers to salaries and wages as well investment income and government payment to individuals.
300
what is depression?
Depression is a phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
300
what is a budget surplus?
is the result, if a surplus exists, government may reduce taxes or increase spending on various programs.
400
what is productivity?
is the production output in relation to a unit of input
400
what is inflation?
Inflation is an increase in the general level of prices.
400
what is national debt?
the total amount owed by the federal government is called the national debt.
500
what is the business cycle?
business cycles are the recurring ups and downs of GDP.
500
what is the price index?
is a number that compares prices in one year with some earlier base year.