Vocabulary
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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| show | Gross Domestic Product (GDP)
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| Output per person. Calculated by dividing the GDP by the total population. | show 🗑
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| show | Unemployment Rate
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| The production output in relation to a unit of input, such as a worker. | show 🗑
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| Salaries and wages as well as investment income and government payment to individuals. | show 🗑
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| show | Retail Sales
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| show | Business Cycle
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| Period in which most 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. | show 🗑
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| Period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year. | show 🗑
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| show | Depression
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| Phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again. | show 🗑
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| show | Inflation
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| show | Price Index
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| show | Deflation
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| Involves spending by businesses for items such as land, buildings, equipment, and new products. | show 🗑
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| show | Stock
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| show | Bond
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| show | Budget Surplus
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| show | Budget Deficit
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| The total amount owed by the federal government. | show 🗑
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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.
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.
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:
joannw15
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