Term
| Gross Domestic Product or GPD |
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Definition
| is the total dollar value of all final goods and services produced in a country during one year |
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Definition
| portion of people in the labor work force who are not working |
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Definition
| is the production output in relation to a unit, such as a worker |
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Definition
| the sales of durable ans nondurable goods brought by consumers |
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Definition
| refers to salaries and wages as well as investmeants income and government payment to individuals |
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Definition
| movement of the economy from one condition to another and back again |
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Definition
| is a period which most people who want to work is working |
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Definition
| is a period in which demand begins to decrease; unemployment rate begin to increase |
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Term
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Definition
| is a phase marked by prolonged period of high unemployment |
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Definition
| phase in which unemployment begins to decrease and demand for goods and services increase |
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Definition
| increase in general level of prices |
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Definition
| is number that compares prices in one year with earlier based years |
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Definition
| a decrease in the general level of prices |
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Definition
| involve dpending by businesses for iteams such as land, buildings, and equipment, and new production |
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Definition
| ownership in a coperation |
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Definition
spending less than it take in, having more,
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Term
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Definition
| Spending more than what you are taking in |
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Term
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Definition
| Amount od money owed by the federal government |
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