PBF Vocabulary 1.01
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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| Gross Domestic Product | the dollar amount of all final goods and services produced within a country's borders in a year.
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| GDP per capita | total value of goods and services produced in a year divided by the population
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| Productivity | (economics) the ratio of the quantity and quality of units produced to the labor per unit of time
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| Personal income | refers to salaries and wages as well as investment income and government payments to individuals
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| Retail sales | the sales of durable and nondurable goods bought by consumers
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| Capital projects | involve spending by businesses for items such as land, buildings, equipment, and new products
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| Stock | a certificate documenting the shareholder's ownership in the corporation
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| Bond | Loaned money to company or government entity
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| Business cycle | recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
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| Prosperity | an economic state of growth with rising profits and full employment
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| Recession | the state of the economy declines
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| Depression | a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
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| Recovery | the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again
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| Inflation | a general and progressive increase in prices
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| Deflation | a contraction of economic activity resulting in a decline of prices
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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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