| A | B |
|---|
| Prime Rate | usually made available to banks’ best customers |
| Discount Rate | is offered by the federal reserve to financial institutions/banks for loans |
| T Bill Rate | the yield for short-term (13 weeks) government debt |
| Treasury Bond Rate | is the yield for long-term government debt |
| Mortgage Rate | is the amount borrowers pay for home loans/House payment |
| Corporate Bond Rate | is the cost of loans for large US corporations |
| Certificate of Deposit Rate | paid for deposits for a period of time ( 6, 12, or 18 months) |
| Deflation | A decrease in the general price level |
| Business Cycle | The movement of an economy from one condition to another and back again |
| Capital Project | Spending by businesses for items such as land, buildings and equipment |
| Gross Domestic Product (GDP) | The total value of all final goods and services produced in a country in one year |
| Budget Surplus | Government spends less than it takes in |
| Depression | Unemployment rate is high and demand for products and services is lowering/weak consumer sales/business failures |
| Bond | Represents debt for an organization |
| Personal Income | Salaries and wages as well as investment income and government payments to individuals |
| GDP Per Capita | The GDP divided by the total population of a country |
| Productivity | Production output in relation to a unit of input, such as a worker/How much you produce |
| Recovery | Unemployment rate is lowering and demand for products and services is increasing/GDP begins to rise |
| Inflation | An increase in the general price level |
| Stock | Represents ownership in a corporation |
| Budget Deficit | Government spends more than it takes in |
| Unemployment Rate | The portion of people in the labor force who are not working |
| Retail Sales | The sales of durable and nondurable goods bought by consumers to indicate a sales pattern |
| Prosperity | Employment rate and demand for products and services are high |
| Price Index | A number tha compares prices in one year with some earlier base year |
| Recession | Unemployment rate is increasing and demand for products and services are lowering |
| National Debt | The total amount owed by the Federal Government |
| Borrowing Methods | Loans, Bonds, Mortgages |
| Interest Rates | The Cost of Money/Strong Influence on Business Activities |
| GDP Components | Consumer Spending, Business Spending, Government Spending, Exports - Imports into the country |
