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Economics Final

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Term
Definition
show Not timely, population, and underground economy.  
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Underground Economy   show
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show Amount GDP per-person  
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show When people earn less they are less inclined to spend, slowing economic growth.  
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Personal Effects of Unemployment   show
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show Adjusted for inflation.  
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Components of Nominal GDP   show
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show Spending money leads to economic growth.  
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2/3   show
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show Makes money available to people and businesses to borrow and spend,  
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show 16+, have or searching for a job, and paid for their work.  
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Derived Demand for Labor   show
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Economic Impact of Unemployment   show
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Disposable Income   show
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Frictional Unemployment   show
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Cyclical Unemployment   show
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Structural Unemployment   show
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Poverty threshold for a family of four is:   show
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Allows for Advancement   show
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In favor of raising minimum wage:   show
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Against raising the minimum wage:   show
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Created by: amgraf2015
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