AP Macro Unit 2 Vocab

AP Macro Unit 2 Vocab

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

Gross Domestic Product

Back

The dollar value of all goods and services produced within a country’s borders in a given year.

2.

FLASHCARD QUESTION

Front

Intermediate goods

Back

Parts that go into the production of the final good.

3.

FLASHCARD QUESTION

Front

Expenditure Approach

Back

All spending on final goods and services produced in a year.

4.

FLASHCARD QUESTION

Front

Disinflation

Back

Prices increasing at slower rates.

5.

FLASHCARD QUESTION

Front

Unemployment

Back

Workers able and willing to work, actively seeking a job but not employed.

6.

FLASHCARD QUESTION

Front

Frictional Unemployment

Back

Temporary unemployment or being between jobs with transferable skills.

7.

FLASHCARD QUESTION

Front

Structural Unemployment

Back

Changes in the labor force make some skills obsolete and job loss is permanent.

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