Depression Vocab

This is the market value of all final goods and services

produced within a country during a year.

• Nominal GDP

• Inflation

• Depression

• Unemployment Rate

This fell 29 percent from 1929 to 1933.

• Unemployment Rate

• Inflation

• Real GDP

• Depression

This increased to 25 percent during the Great Depression.

• Consumer Price Index

• Real GDP

• Nominal GDP

• Unemployment Rate

This causes households and firms to postpone spending.

• Consumer Price Index

• Deflation

• Real GDP

• Unemployment Rate

This is a severe period of declining real output and employment

across sectors of the economy and regions of the country.

• Depression

• Inflation

• Deflation

• Consumer Price Index

This is a measure of the overall price level of goods and services in the economy.

• Unemployment Rate

• Depression

• Consumer Price Index

• Deflation

This is a sustained increase in the general price level.

• Inflation

• Unemployment Rate

• Real GDP

• Depression

This is the percentage of the labor force who are unemployed.

• Inflation

• Deflation

• Real GDP

• Unemployment Rate

This decreases the purchasing power of the dollar.

• Depression

• Inflation

• Real GDP

• Consumer Price Index

This is the market value of all final goods and services produced within a country in a given year adjusted for inflation.

• Depression

• Inflation

• Real GDP

• Consumer Price Index