Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Question

The total dollar value of all final goods and services produced in a country during one year.
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Question

Output per person. Calculated by dividing the GDP by the total population.
Remaining cards (19)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CH 2 Intro Biz JW

Vocabulary

QuestionAnswer
The total dollar value of all final goods and services produced in a country during one year. Gross Domestic Product (GDP)
Output per person. Calculated by dividing the GDP by the total population. GDP Per Capita
The portion of people in the labor force who are not working. Unemployment Rate
The production output in relation to a unit of input, such as a worker. Productivity
Salaries and wages as well as investment income and government payment to individuals. Personal Income
Sales of durable and nondurable goods bought by consumers. Retail Sales
The movement of the economy from one condition to another and back again. Its four cycles include: prosperity, recession, depression, and recovery. Business Cycle
Period in which most people who want to work are working, businesses produce goods and services in record numbers, wages are good, and the rate of GDP growth increases. Prosperity
Period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year. Recession
Phase marked by prolonged period of high unemployment, weak consumer sales, and business failures. Depression
Phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again. Recovery
Increase in general level of prices. Inflation
Number that compares prices in one year with prices in some earlier base year. Price Index
A decrease in the general level of prices. Deflation
Involves spending by businesses for items such as land, buildings, equipment, and new products. Capital Projects
Representation of ownership in a company or corporation. Stock
Debt an organization owes. Bond
When a government spends less than it takes in. Budget Surplus
When a government spends more money than it takes in. Budget Deficit
The total amount owed by the federal government. National Debt
Created by: joannw15
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards