Economic Measurers

the market value of all final products in a country during a specific time period

• Gross Domestic Product
• Net Domestic Product
• Consumer Price Index
• Purchasing Power Parity

a general rise in prices throughout an economy

• Inflation
• Deflation
• Recession
• Depression

the percent change in prices calculated on a monthly or yearly basis

• Inflation rate
• Gross Domestic Product (GDP)
• Unemployment rate
• Interest rate

a measure of the average change in the prices paid by consumers for a typical consumer goods and services over time

• Inflation
• Consumer Price Index

• Unemployment Rate
• Interest Rate

the general decline in prices throughout an economy

• Deflation
• Discount

• Stagflation
• Recession

the amount a borrower pays for a lender for a loan

• Interest
• Principal
• Collateral
• Down Payment

represents the cost of a loan and is expressed as a percent of the amount borrowed

• Interest Rate
• Loan Term
• Principal Amount
• Loan Balance

all of the people in a nation who are capable of working

• Labor force
• Adult and Young adults

• Retired people
• Children