Measuring Economic Performance

Unemployment that occurs due to transition from one job to another.

• Frictional Unemployment
• Structural Unemployment
• Cyclical Unemployment
• Seasonal Unemployment

Unemployment that occurs due a workers lack of skills or qualities needed by companies.

• Frictional Unemployment
• Structural Unemployment
• Cyclical Unemployment
• Seasonal Unemployment

Unemployment that occurs due a downturn in the economy.

• Frictional Unemployment
• Structural Unemployment
• Cyclical Unemployment
• Seasonal Unemployment

Method used to measure inflation across "market basket" of goods.

• Consumer Price Index
• Inflation
• Market Basket
• Gross Domestic Product

A collection of prices surrounding a bunch of "average" consumer goods.

• Consumer Price Index
• Inflation
• Market Basket
• Gross Domestic Product

Spending on all goods produced in the country minus spending on goods produced in other countries.

• Consumption
• Investment
• Government Spending
• Net Exports

Investments in roads and schools at all levels of political authority.

• Consumption
• Investment
• Government Spending
• Net Exports

Final purchases of capital goods by businesses.

• Consumption
• Investment
• Government Spending
• Net Exports

Describes the ability to purchase goods and services.

• Unemployment
• Domestic Growth
• Purchasing Power
• Frictional Market

Goods used for further processing and manufacturing

• Intermediate Goods
• Used Goods
• Transfer Payments
• Underground Production