Module 5 Lesson 2 Notes

Module 5 Lesson 2 Notes

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Hard

Created by

John Bissette

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

Gross Domestic Product

Back

The total value of all the final goods and services produced in a country in a single year.

2.

FLASHCARD QUESTION

Front

Standard of Living

Back

The quality of life of people in a country.

3.

FLASHCARD QUESTION

Front

Market

Back

Free exchange of goods and services between buyers and sellers.

4.

FLASHCARD QUESTION

Front

Circular Flow of the Economy

Back

An economic model that shows how goods, services, and money move in an economy.

5.

FLASHCARD QUESTION

Front

Factor Market

Back

Where productive resources are bought and sold.

6.

FLASHCARD QUESTION

Front

Product Market

Back

Markets where producers offer goods and services for sale.

7.

FLASHCARD QUESTION

Front

Productivity

Back

Measure of the output or goods produced based on the input.

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