MGT100 - Measures of Economy

Front

Total Dollar Value of all products produced within a country during a one-year period.

Back

GDP

Front

Inflation is bad for our economy.

Back

False

Front

The general rise in prices

Back

Inflation

Front

Which of the following is not a goal for a healthy economy? increase productivity, increase wealth, decrease unemployment, maintain stable prices

Back

increase wealth

Front

A monthly index that measures the changes of prices of a fixed basket of goods purchased by a typical consumer in an urban area.

Back

CPI

Front

Recurrence of periods of growth and decline in economic activity

Back

business cycle

Front

two or more consecutive quarters of decline in a countries GDP

Back

recession

Front

Average level of output per worker per hour.

Back

productivity