Economic Indicators

Front

_______ is the total value of goods produced, and services provided by a country for one year, equal to the gross domestic product plus the net income from foreign investments​.

Back

Gross National Product

Front

________ is the rate at which goods are produced or work is completed. ​

Back

Productivity

Front

_______ is reduction of the general level of prices in an economy​.

Back

Deflation

Front

_________ is when a person who is actively searching for employment is unable to find it​.

Back

Unemployment

Front

________ is a general increase in prices and fall in the purchasing value of money​.

Back

Inflation

Front

_________ is the total value of goods produced, and services provided in a country for one year.

Back

GDP (Gross Domestic Product)

Front

________ is an index of the variation in prices paid by typical consumers for retail goods and services.

Back

CPI (Consumer Price Index)

Front

________ measures the average change in selling prices received by domestic producers of goods and services over time.​

Back

PPI (Producer Price Index)

Front

What are the two measures of inflation in the United States?

Back

CPI and PPI

Front

What is considered low inflation and good for the economy?

Back

1-5%