CH 2 Intro Biz JW Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Question | Answer |
| The total dollar value of all final goods and services produced in a country during one year. | Gross Domestic Product (GDP) |
| Output per person. Calculated by dividing the GDP by the total population. | GDP Per Capita |
| The portion of people in the labor force who are not working. | Unemployment Rate |
| The production output in relation to a unit of input, such as a worker. | Productivity |
| Salaries and wages as well as investment income and government payment to individuals. | Personal Income |
| Sales of durable and nondurable goods bought by consumers. | Retail Sales |
| The movement of the economy from one condition to another and back again. Its four cycles include: prosperity, recession, depression, and recovery. | Business Cycle |
| 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. | Prosperity |
| 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. | Recession |
| Phase marked by prolonged period of high unemployment, weak consumer sales, and business failures. | Depression |
| Phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again. | Recovery |
| Increase in general level of prices. | Inflation |
| Number that compares prices in one year with prices in some earlier base year. | Price Index |
| A decrease in the general level of prices. | Deflation |
| Involves spending by businesses for items such as land, buildings, equipment, and new products. | Capital Projects |
| Representation of ownership in a company or corporation. | Stock |
| Debt an organization owes. | Bond |
| When a government spends less than it takes in. | Budget Surplus |
| When a government spends more money than it takes in. | Budget Deficit |
| The total amount owed by the federal government. | National Debt |
Created by:
joannw15
Popular Business sets