| A | B |
|---|
| Nonresidential Investment | the money businesses invest in buildings, equipment, vehicles, furniture, etc. |
| Personal Consumption Expenditures | a factor used to calculate GDP that includes the final market value of all services and new and used goods purchased for consumption by individuals and nonprofit organizations. |
| Prime Interest Rate | the interest rate that banks offer to their best credit customers. |
| Productivity | the amount and the value of goods and serives produced(outputs) from set amounts of resources(inputs). |
| Raw Materials | items in their natural state or condition. |
| Recession | a six-months' contraction in GDP. |
| Residential Investment | the money landlords invest in the buildings and the equipment they own and rent to others. |
| Sales Forecasts | a prediction of future sales over a specific period of time. |
| Standard of Living | the general conditions in which people live; quality of life. |
| Suppiers | Vendors; businesses that sell to other businesses. |
| Technology | scientific applications to business objectives or the methods used to attain those objectives. |
| Trade Deficit | An unfavorable balance of trade in which a nation's imports are greater than its exports. |
| Trade Surplus | a favorable balance of trade when a nation's exports are greater than its imports. |
| Trading Partners | Nations that sell their goods and services to eachother. |
| Uncounted Production | goods and services that are not counted in GDP because money is not paid for them. |
| Underground Economy | an economy that involves transactions in which money changes hands, but no receipts are kept. |
