Economic Activity
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is GDP? | Gross domestic product is the total dollar value of all final goods and services produced in a country during one year.
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| What is GDP per capita? | Another way to measure economic growth is by GDP per capita or output per person.
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| What is productivity? | The production output in relation to a unit of input, such as a worker.
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| What is the business cycle? | The movement of the economy from one condtion to another and back again.
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| What is prosperity? | A period that people who want to work are working, businesses produce goods and services in record numbers, wages are good, and the rate of GDP growth increases.
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| What is recession? | Recession is a period of time in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP slows.
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| What is depression? | A phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
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| What is recovery? | A phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again.
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| What is stock? | Stock represents ownership in a corporation. Commonly called equity which means ownership.
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| What is a bond? | Represents debt for an ogranization.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
morgie.marie
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