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WorksheetsUnit 6 Globalization Vocabulary
Total questions: 11
Worksheet time: 6mins
The total value of goods and services produced in a country during one year
inflation
GNP (gross national product)
GDP (gross domestic product)
CPI (consumer price index)
Goods and services sold and shipped to other countries
tariffs
exports
imports
inflation
Individuals and private groups/companies make decisions about what to produce
market economy
mixed economy
command economy
traditional economy
Goods and services are produced the "way it has always been done;" economy relies on trade and meeting basic needs of the community
market economy
mixed economy
traditional economy
command economy
How trade and technology have made the world into a more connected and interdependent place
inflation
globalization
capitalism
communism
Goods and services purchased from other countries
exports
inflation
GDP
imports
An economic system in which the government controls a country's economy making all economic decisions
mixed economy
traditional economy
command economy
market economy
A continuous rise in the price of goods and services
globalization
capitalism
GDP
inflation
Market-based economic system with some limited government involvement
traditional economy
mixed economy
traditional economy
market economy
How trade and technology have made the world into a more connected place.
connectivity
human development index
globalization
technology
An indicator of the level of development for each country that is based on things like income, literacy, education, and life expectancy.
Human development index (HDI)
Gross domestic product (GDP)
globalization
tariff
