ECO Topic 7 Vocab Lessons 1,2,4,6 Pearson Realize
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Gross Domestic Product | show 🗑
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| Intermediate Goods | show 🗑
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| show | Those goods that last for a relatively long time, such as refrigerators, cars, and DVD players
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| show | Good – Those goods that last a short period of time, such as food, light bulbs, and sneakers
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| show | GDP measured in current prices
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| Gross National Product | show 🗑
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| show | The loss of the value of capital equipment that results from normal wear and tear; A decrease in the value of currency
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| show | The total amount of goods and services in the economy available at all possible price levels
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| show | The amount of goods and services in the economy that will be purchased at all possible price levels
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| Real GDP | show 🗑
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| show | A period of macroeconomic expansion, or growth, followed by one of contraction, or decline
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| show | A period of economic growth as measured by a rise in real GDP
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| Economic Growth | show 🗑
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| Peak | show 🗑
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| show | A period of economic decline marked by falling real GDP
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| Trough | show 🗑
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| Recession | show 🗑
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| Depression | show 🗑
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| Stagflation | show 🗑
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| Leading Indicators | show 🗑
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| show | Type of unemployment that occurs when people take time to find a job
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| Structural Unemployment | show 🗑
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| Globalization | show 🗑
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| Seasonal Unemployment | show 🗑
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| show | Unemployment that rises during economic downturns and falls when the economy improves
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| show | Unemployment that rises during economic downturns and falls when the economy improves
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| Full Employment | show 🗑
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| show | Working at a job for which one is overqualified or working part-time when full-time work is desired
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| show | Someone who wants a job but has given up looking
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| Poverty Threshold | show 🗑
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| show | The percentage of people who live in households with incomes below the official poverty line
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| Income Distribution | show 🗑
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| Food Stamp Program | show 🗑
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| show | Federal funds given to the states in lump sums
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| show | A program requiring work in exchange for temporary government assistance
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| show | Government aid to the poor
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| Cash Transfers | show 🗑
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| Grant | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
cwarsing
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