A | B |
Productivity | The output per worker hour that is measured over a defined period of time, such as a week, a month, or a year. |
Gross domestic product (GDP) | The output of goods and services produced by labor and property located within a country |
Gross national product (GNP) | The total dollar value of goods and services produced by a nation. |
Standard of living | A measurement of the amount and quality of goods and services that a nation's people have |
Inflation | The rate at which prices are rising |
Consumer price index (CPI) | A measurement of the change in price over a period of time for approximately 400 specific retail goods and services used by the average United States household: sometimes referred to as the cost-of-living index |
Producer price index (PPI) | A measurement of wholesale price levels in the economy |
Unemployment rate | The percentage of people who are willing and able to work but cannot find a job |