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Chapter 2

QuestionAnswer
What is GDP Gross domestic product-total dollar value of all final goods and services produced in a country during one year
what refers to salaries and wages as well as investment income and goverment payments to individuals Personal income
Unemployment rate people in the labor force that are not working
sales of durable and nondurable goods bought by consumers retail sales
what is price index compares prices in one year with some earlier base year
what is a bond represents debt for an orginization
what is the total amount owed by the federal goverment called national debt
what is a stock represents ownership in a corporation
what is the phase in which unemployment begins to decrease recovery
what is one thing that causes inflation when the demand for goods and services is greater than the supply
Created by: cody bock