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Economics Quiz

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1. Gross Domestic Products




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2. Unemployment Rate




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3. Capitalism




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4. Capital




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5. Gross National Products




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6. Business Cycle




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7. Free Enterprise




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8. Conglomerate




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9. Economies In Transition




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10. Recession




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11. Prolonged decline in the general price level of goods and services.




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12. A rapid rise in prices, usually occurring when demand exceeds supply.




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13. The amount of goods and services produced for every unit of resources used in their production.




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14. (CPI) measure of the changes in prices over time of a specific group of goods and services used by the average household.




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15. 




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16. The increase in the overall economic activity.




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17. a system in which ownership of assets, and the control over the means of production, are taken from the people and given to the government.




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18. A condition in which a market is controlled by one supplier with no substitute goods or services readily available.




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19. Major slow down of economic activity.




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20. Previously manufactured goods (or human creations) used to make other goods and services.





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