| A | B |
|---|
| Economic Indicators | measures of economic performance |
| Level of Productivity | how much a country produces |
| GDP- Gross Domestic Product | total value of goods and services produced in a country in a year |
| Unemployment Rate | measures the number of people who are able to work but don't have a job |
| Inflation | an increase in the cost of goods and services ___ |
| Deflation | a decrease in the cost of goods and services |
| Budget Deficit | result of a government spending more than it collects in taxes |
| National Debt | the amount of money a government owes |
| Business Cycle | rise and fall of economic activity over time |
| Prosperity | condition of low unemployment and high production of goods and services |
| Recession | economic activity slows down, spending decreases. |
| Depression | lowest level of the business cycle. Unemployment is high, low production of goods and services. |
| Recovery | a rise in business activity after a recession or depression |
