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POB 1.04 Economic Indicators and the Business Cycle

AB
Unemployment Rate- Measures the number of people who are able to work but don't have a job during a given period of time.
Gross Domestic Products- The total value of the goods and services produced in a country in a given year.
Inflation- A general increase in the cost of goods and services.
Consumer Price Index- Changes in the average prices of goods and services purchased by consumers over a period of time.
Productivity- Increase in output per worker.
Business Cycle- Movement of an economy from one condition to another.
Prosperity- The peak of economic activity.
Recession- A time when economic activity slows down.
Depression- A deep recession that affects the entire economy and lasts for several years.
Recovery- A rise in the business activity after a recession or depression.


Teacher
Garinger HS New Technology Academy
Charlotte, NC

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