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Java Games: Flashcards, matching, concentration, and word search. |
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Economic Systems Vocabulary
Circle the correct answers.
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| A | B |
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| Unemployment | The amount of individuals able to work but are not |
| Recession | Period of economic slow down, rising unemployment, consumer spending decreases |
| Standard of Living | Reflects people's quality of life |
| Prosperity | Period of economic growth, low unemployment, high consumer spending |
| Productivity | Output per hour |
| Gross Domestic Product | Everything produced in this country in a year |
| Recovery | Renewed economic growth, reduced unemployment, increased consumer spending |
| Gross National Product | Everything produced by the U. S. citizens home and abroad |
| Inflation | Rising Prices |
| Depression | Prolonged and deep recession, very low spending, very high unemployment, very low production of good and services |
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