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Vocabulary words for Chapter 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show the total value of all final goods and services produced in a country during one year  
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GDP per capita   show
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show the portion of people in the labor force who are not working  
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productivity   show
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show salaries and wages as well as investment income and government payments  
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retail sales   show
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business cycle   show
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prosperity   show
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recession   show
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show a long period of high unemployment, weak consumer sales, and business failure.  
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recovery   show
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show is an increase in the general level of prices  
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show a number that compares prices in one year with prices in some earlier basis year  
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deflation   show
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show spending by businesses for items such as land, buildings equipment and new product development  
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show a representation of ownership in a corporation  
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show a certificate representing a promise to pay a definite amount of money at a stated interest rate  
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budget surplus   show
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budget deficit   show
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show the total amount owed by the federal government  
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Created by: Mrs. Ann Kidwell
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