WorksheetsEconomics Vocabulary
Total questions: 10
Worksheet time: 5mins
Total value of goods and services produced in a country in a year
NAFTA
GDP
OECD
EU
The state of being in short supply is
Quanitity
Scarcity
Quota
Subsistence
The measure of quality of life in a country
subsistence
literacy rate
standard of living
Converting one nation's currency into an equivalent amount of another's
currency exchange
financial market
money switch
A system of exchange whereby one good/service is given in return for another; does not require monetary exchange.
bartering
purchasing
embargo
trading
Gross domestic product dividided by population is:
GDP per capita
GDP per person
GDP
GDP the original g
The unemployment rate is best defined as a measure of
Number of people over 15 looking for work who can't find it
People who can't find work
A measure of lazy bones and couch potatoes
People looking for work
Inflation is best defined as
Real wages
The cost of everything
What happens to a man's belly as he enters middle age
The price of consumer products
A recession is
A downturn
Two consecutive quarters of negative economic growth
An indicator we are in for a bad time
A period of economic strife
Which of these is a non financial measure of the economy
Inflation
Unemp
Life expectancy
GDP
