The money that local and national states spend in; roads, schools, defense, sports, culture.

Unlike _____________, which defines production based on the geographical location of production, the ________________ allocates production based on location of ownership.

it is measured by a price index, that monitors the behavior over time of the prices of a standard group of goods. In México, we use the INPC (Índice de Nacional de Precios al Consumidor).

Moderate, Galloping, Hyperinflation and Deflation are...

Governments can choose to increase or decrease taxes and/or money to influence the economy.

The Inflation is a macroeconomic indicator, it refers to the porcentage of the population that is: looking for a job, out of work, and/or willing to work

3 Dimensions to determine the meaning of Good Society:

1.Basic Human Needs.

2.Foundations of Wellbeing.

3.Opportunity.

Governments actions and policies that restrict international trade, with the intent of protecting local business and jobs from foreign companies, also known as Free Trade.

There are 3 types of unemployement; Cyclical, Frictional and Structural.

The money that businesses spend in; buildings, land, equipment and people .

As a macroeconomic indicator, it refers to the percentage of the population that is:

•OUT of work.

•LOOKING for work.

•WILLING to work.

The Growth Domestic Product is measured or defined by the following elements or indicators:

People and governments have begun to wonder whether GDP should be the main way to measure a country's growth. The main proposal is __________________... because determine what it means to be a good society acording to 3 dimensions: basic human needs, foundations of wellbeing and opportunity.

Countries _________________ with each other for a variety of reasons; like selling the excess products they have...

Inflation measures how much more expensive a set of goods and services has become over a certain period, usually a year

Good Society is determined by three dimensions, of the Social Production Indicators; the Basic Human Needs, Opportunity and Foundations of Wellbeing.

Deficit measures how much more expensive a set of goods and services has become over a certain period, usually a year

The unemployment as an Macroeconomic indicator, refers to the percentage of the population that is: out of work, looking for work and willing to work.

The money that businesses spend in; buildings, land, equipment and people is also known as: Investment.

The most unpleasant sport to your favorite teacher is: