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ch 2 economic

QuestionAnswer
What is the Gross domestic product (GPD)? is the total dollar value of all final goods and services produced in a country in one year.
Employment and productivity are what? labor activites
Consumer spending is what? Personal income and retail sales
What are the four stages of the business cycle? prosperity,recession,depression and recovery
What is inflation and deflation? inflation is increase in prices, deflation is decrease in prices.
What are some types of interest rates. prime rate, discount rate, t-bill
What are Capital projects? spending by businesses for items like land, building, and equipment
what are stocks? represents ownership in a corporation
what are bonds? represents dabt for an organization.
what is the total amount owed by the federal government national debt.
Created by: Sammy12
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