Unit 6 Review

GDP=Gross Domestic Product

• All that is produced within a country in one year.

• how much every person on average produced

• a general increase in prices

• all the money the government owes (over $28 trillion)

how much every person on average produced

• Per Capita GDP

• GDP

• Inflation

• Deflation

National Debt

• all the money the government owes (over $28 trillion)

• all the money the government owes ($19 billion)

• all the money the government needs to give (over $28 kahjillion)

• all the money the government owes (10 million)

What is this slope showing?

• supply

• demand

• opportunity cost

• GDP

What is this slope showing?

• Demand

• Supply

• opportunity cost

• CPI

As price goes up, quantity goes down

• Demand

• Supply

As price goes down, quantity goes down

• Supply

• Demand

An arrangement that allows buyers and sellers to exchange things

• Market

• GDP

• Opportunity Cost

• CPI

The point where the graphs intersect is called...

• Equilibrium point

• GDP

• Macroeconomics

• Microeconomics

As price goes down, quantity goes down

• Supply

• Demand