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