Show:
Vocabulary 1
Vocabulary 2
Vocabulary 3
Vocabulary 4
Chance
100
The total dollar value of all final goods and services produced in a country during one year.
What is Gross Domestic Product or GDP?
100
The sales of durable and non-durable goods bought by consumers.
What is retail sales?
100
A phase in which unemployment decreases, demand begins to increase, and GDP rises again
What is recovery?
100
Ownership in a corporation.
What is stock?
100
Capital Project
What is Spending by businesses for items such as land, buildings, equipment, and new products?
200
The output per person, calculated by dividing gross domestic product (GDP) by the total production.
What is GDP per capita?
200
A movement of the economy from one condition to another and back again. it has four cycles including prosperity, recession, depression, and recovery.
What is business cycle?
200
An increase to the general level of prices.
What is Inflation?
200
Debt for an organization.
What is bond?
200
Business Cycle
What is A movement of the economy from one condition to another and back again. it has four cycles including prosperity, recession, depression, and recovery?
300
The portion of people in the labor force who are not working.
What is Unemployment rate?
300
The peak of the business cycle, it is a period in which most people who want to work are working, businesses produce goods and services in record numbers, wages are goods, and the rate of gross domestic product (GDP) growth increases.
What is prosperity?
300
A number that compares prices in one year with some earlier base year.
What is price index?
300
A government spends less that it takes in.
What is budget surplus?
300
Recession
What is The phase of the business cycle in which demand begins to decrease, businesses lower production, unemployment begins to rise and gross domestic product growth slows for two or more quarters of the calendar year?
400
The production output in relation to a unit of unput, such as a worker.
What is productivity?
400
The phase of the business cycle in which demand begins to decrease, businesses lower production, unemployment begins to rise and gross domestic product growth slows for two or more quarters of the calendar year.
What is recession?
400
A decrease to the general level of prices.
What is deflation?
400
A government spends more than it takes in.
What is budget deficit?
400
Personal Income
What is Salaries and wages as well as investment income and government payments to individuals?
500
Salaries and wages as well as investment income and government payments to individuals.
What is personal income?
500
The phase of the business cycle that is marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
What is Depression?
500
Spending by businesses for items such as land, buildings, equipment, and new products.
What is capital project?
500
The total amount owed by the federal government.
What is national debt?
500
Inflation
What is An increase to the general level of prices?