| A | B |
| Gross Domestic Product | total value of all goods and services |
| Business Cycle | period of expansion followed by a period of contraction |
| Recession | prolonged economic contraction |
| Saving | Income not used on consumption |
| Technological Progress | an increase from producing more output without using more inputs |
| Unemployment Rate | percentage of unemployed |
| Inflation | increase in prices |
| Poverty Rate | percentage of people with income below the poverty line |
| Food Stamps | government coupons used for food |
| Census | official count of the population |