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Chapter 2 Economic Activity
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Finance
Measurements of Economic Activity
By
Laura Hollinger
Created Date 10.07.20
Last Updated 10.08.20
Viewed 2 Times
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Topics of this game:
A decrease in the general price level.
The movement of an economy from one condition to another and back again.
Spending by businesses for items such as land, buildings, and equipment.
The total value of all final goods and services produced in a country in one year..
Government spends less than it takes in.
A phase marked by a long period of high unemployment, weak consumer sales, and business failures.
Represents debt for an organization.
Salaries and wages as well as investment income and government payments to individuals.
The GDP divided by the total population of a country.
Production output in relation to a unit of input, such as a worker.
Unemployment decreases, demand for goods and services increases, and GDP begins to rise.
An increase in the general price level.
Represents ownership in a corporation.
Government spends more than it takes in.
The portion of people in the labor force who are not working.
The sales of durable and nondurable goods bought by consumers.
Unemployment is low, businesses produce many goods/services, and wages are good.
A number that compares prices in one year with prices in some earlier base year.
Demand, production and GDP growth decrease and unemployment begins to rise.
The total amount owed by the federal government.
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