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Unit 1.02 Bro
1.02
Question | Answer |
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Gross Domestic Product | Exp: GDP indicates the health and growth of an economy. If the GDP for a country is steadily increasing, this is usually an indication of higher demands for goods and services. A higher demand for goods and services results in more goods. |
GDP Per Capita | A measure of a countries output that takes the GDP and divides it by the number of people in the country |
Productivity | The measure of the effeciency of workers, or the ratio of the output to the goal/ needed amount, usually measured by hour (what a worker produces in a hour) |
Personal Income | The total compensation recived by a person from diffrent sources, hourly wages, salaries, loans, bonuses, ect. |
Retail sales | A combined measure of sales of retailed goods over a set period of time, the sale from a fixed location to a consumer |
Capital projects | Capital products are renovations, restorations, expansions, or replacements of existing facitities |
Stock | A type of security that signifies the ownership in a corporation and represents a clain on part of the corporation's assetes and earnings |
CPI | A index of the cost of G and S to a typical consumer based on the cost of the same goods and services at a base price. |
Inflaton Rate | (Change in the price index/ Initial price index) x 100 |