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Ch. 2 Economic Activity Flashcards | StudBud
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Ch. 2 Economic Activity
Ch. 2 Economic Activity
16 terms
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A quiz on learning most of the #business terms that describe their necessities and meaning.
Flashcards
16 cards
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Questions
16
Answers
1
GDP
Gross domestic people
Gross Domestic Development
Grass Domestic Product
Gross Domestic Product
2
Productivity
The time spent working
Developed percentage of work productivity
The time gaining money
The creative possibility in employment
3
Describe Unemployment Rate
Percentage of the unemployed labor force
Percentage of the unemployed amount of people in the streets
Digital percentage rate that displays unemployed engineers
Low amount of unemployed dogs
4
A general decline in prices throughout an economy
Labor Force
Decline
Deflation
Inflation
5
Which one?
Maybe this one
This one
Or this one
Probably not this one
6
Trough
The growth period in the business cycle
Economic Recovery
Low, moderate, severe, and hyperinflation
The worst period in the business cycle
7
Untraditional Economic Indicator
Stock Market
GDP
Adult Literacy Rate
Unemployment Rate
8
What is GDP also called?
Leisure Development
Dollar Measure
Economic Output
Gross Domestic Product
9
Competition in which the Lowest price is the main consumer choice
Price competition
Business Cycle
Economic Recovery
Non-Price competition
10
What is a Traditional Indicator?
Amount of Leisure Time
Children in Poverty
Adult Literacy Rate
Inflation rate
11
GDP Per Capita
Calculated by the Total Commerce
Calculated by the total population
Calculated by the amount of labor force
Calculated by the amount of Unemployed
12
The strength of an economy is measured by an indicator
Economic Dictatorship
Inflation
Decreased democracy
Economic Indicator
13
Stock Market
Buying A Stock
Buying and Selling Socks
Buying and Selling Stocks
Buying Stocks
14
CPI
Consumer Price Indent
Customer Process Indecision
Customer Price Index
Consumer Price Index
15
A period when the economy is growing and the GDP is rising
CPI
Expansion
GDP
Inflation
16
A degree of market structure
Development
Competition
Oligopoly
Market Structure
