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POB 1.04 Economic Indicators
1.04 Analyze economic indicators and how they effect the business cycle.
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| Recession | Demand decreases, businesses lower production, unemployment begins to rise |
| Depression | Extended period of high unemployment, decline in the sales of goods & services, business failures |
| Consumer Price Index | Changes in average proces of goods & services over a period of time |
| Prosperity | Peak of the business cycle where the demand for goods and services is high |
| Business Cycle | Movement of an economy for one condition to another |
| Recovery | Unemployent decrease, demand for goods and services increases, GDP begins to rise again |
| GDP | Gross Domestic Product |
| GDP Per Capita | Output per person (GDP/Total Population) |
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Business Education Teacher |
Millbrook High School |
| Raleigh, NC |
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