| A | B |
|---|
| Prosperity | high point of business cycle |
| Recession | Economy starts to slow down |
| Depression | Low point of business cycle |
| Recovery | Economy begins to improve |
| Economic Indicators | Data about the economy which help determine what phase it is in |
| Gross Domestic Product | The total dollar value of all goods and services that a country produces in one year. |
| Inflation | Rise in prices of goods is greater than the rise in income. |
| Unemployment | Indicator which shows what percentage of economy is working. |
| Consumer Price Index | Changes in the price of goods and services bought by consumers over a period of time. |
| Productivity | The numer of items produced per worker. |
| Standard of Living | Measure of how well people in a country live. |
