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Econ Test- Pfan

Pfan Econ Terms- 1

QuestionAnswer
Expenses that have to be PAID REGULARLY Fixed Expenses
Expenses that CHANGE month to month Variable Expenses
The amount of MONEY left AFTER TAXES have been paid (money you have to spend) Disposable Income
The total amount of money the government OWES to lenders National Debt
The government's PLAN for how it will RAISE and SPEND money Federal Budget
The amount by which government INCOME is GREATER than government SPENDING Surplus
Total dollar value of all final GOODS and SERVICES PRODUCED within a COUNTRY in a year GDP- Gross Domestic Product
The amount by which government SPENDING is GREATER than government INCOME Deficit
A SINGLE business with the POWER to control prices in the market Monopoly
Created by: ekeasley
Popular Business sets

 

 



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