GDP

US agencies build a new school.

The amount of money spent by businesses on productive resources and purchases.

What is the current value of all final goods and services produced in a country.

The movement of the economy from one condition to another and back. It has 4 cycles.

Phase marked by prolonged period of high unemployment, weak consumer sales, business failure.

What type of interest earns on the principal investment?

To make the most of your money, utilize what type of interest and continue to invest.

The Pittsburgh Steelers buy new sod to replace the turf in Heinz Field.

The total amount owed by the federal government.

The U.S. company purchases a supply of French wine.

Salary and wages as well as investment income and gov payments to individuals.

A _________ __________ is a number that compares prices in one year to previous year.

The money spent by a business for an item that will be used over a long period.

Sales of goods bought by consumers measured by the Dept of Commerce.

What time of interest earns interest on interest?

______________ means a decrease in the general level of prices.

Portion of people in the labor force who are not working

The amount of money spend on federal, state and local government provided goods and services.

__________ an increase in the general level of price.

You purchase McDonalds for breakfast.

A government may spend less that it takes in.

The Pittsburgh Penguins purchase a new zamboni machine to clean the ice.

Which would you choose?

Period in which demand begins to decrease, businesses lower production, unemployment rise.

Food, clothing, fuel and vacations are examples of 

Phase in which unemployment begins to decrease, demand for goods increases and GDP rise.

The amount of goods and services purchased by households and individuals.

Which would you choose?

What is the original amount of money invest or saved?

exports-imports

Period in which most people working, record # sales, wages good and GDP increasing.

which would you choose?

Economic growth is also measured by dividing GDP by total population.

Production output in relation to a unit of input, such as a worker.