Economic Activity
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| Is the total value of all final goods and services produced in a country during one year. | Gross Demestic Product (GDP)
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| Output per person | GDP Per Capita
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| The portion of people in the labor forcee who are not working. | Unemployment Rate
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| I the production output in relation to ta unit of input. | Productivity
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| Salaries and wages as well as investment income and gov. payment to individuals. | Personal Income
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| The sale of durable and nondurable goods bought by consumers | Retail Sales
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| Are the recurring ups and downs of GDP. | Business Cycle
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| Is a period in which most people who want to work or are working | Prosperity
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| Is a period in which demand begins to decrease, business lower production | Recession
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| Is a phase marked by a prolonged period of high unemployment, weak consumer sales, and business failure | Depression
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Created by:
boken
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