Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
business vocab 2
| Term | Definition |
|---|---|
| bond | a certificate representing a promise to pay a definite amount of money at a stated interest rate on a specified due date |
| budget deficit | occurs when a government spends less then it takes in |
| business cycle | the movement of the economy from one condition to another and back again |
| four cycles of the business cycle | prosperity, recession, depression, and recovery |
| capital project | spending by businesses for items such as land, buildings, equipment, and new products |
| deflation | a decrease in the general level of prices |
| depression | the phase of the business cycle that is marked by a prolonged period of high unemployment, head consumer sales, and business failures |
| gross domestic product | the total dollar value of all final goods and services produced in a country during one year |
| gdp per capita | the output per person, calculated by dividing gdp by the total production |
| inflation | an increase in the general level of prices |
| national debt | the total amount owned by the federal government |
| personal income | salaries and wages as well as investment income and government payments to individuals |
| price index | a number that compares prices in one year with some earlier base year |
| prosperity | the peak of the business cycle, its a period in which most people who want to work are working, businesses produce goods and services in record numbers, wages are good; and the rate of gap growth increases |
| productivity | the production output in relation to a unit of input such as a worker |
| recession | the phase of the business cycle in which demand begins to decrease, businesses lower production. unemployment begins to rise, and gdp growth slows for two or more quarters of the quarter year |
| recovery | the welcome phase in the business cycle in which unemployment begins to decrease, demand for goods and services increases and gdp begins to rise again |
| stock | ownership in a cooperation |
| unemployment rate | the portion of people in the labor force who are not working |
Created by:
kisland17
Popular Business sets