Bank facts
This many trillions in deposits are held by the bank
17.7
A ressesion is when
the gdp goes down after six months
This is the amount of money a country makes a year
what is GDP
These workers give up on jobs
Who are discuraged workers
Almost ___ percent of us households have a checking and savings account
95
preowned cars don't count towards GDP since
they were already sold
This is when the economy goes crazy downward
What is a depresion
These are people who USUALLY have jobs
Who are temporary unemployed workers
True or false: banks have insuranse
true
stocks don't count towards GDP since
They aren't a physical product
This is when the price goes up
What is inflation
These are jobs that are less then 24 hours a week
What is a part time job
ironicly, banks don't have much
money
GDP counts money instead of items produced because
a country that produces 5 m paper clips looks as good as a country a country that produces 5m cars
This is when the price goes down
What is deflation
These 2 types of people don't count to unemployment rate
Who are underaged and retired