| A | B |
|---|
| Consumer Price Index | A number that compares prices in one year with some earlier base year. |
| buying power | The value of money as measured by the quantity and quality of products and services it can buy. |
| budget deficit | What happens if the government spends more money than it collects. |
| capital project money | Comes from personal savings, the stock market, and the bond market. |
| personal income | An individual's total earnings from wages, passive enterprises, and investment interest and dividends. |
| retail sales | The sale of goods or commodities in small quantities directly to consumers. |
| consumer spending | Goods and services bought by households in the satisfaction of their wants and needs. |
| productivity | The rate at which goods or services are produced expecially output per unit of labor; includes equipment, technology, training and management. |
| unemployment rate | Includes the people of the labor force that are unemployed, looking for work, willing to work, and unable to find work. |
| GDP per capita | An approximation of the value ofgoods produced per person in the country equal to the country's GDP divided by the total number of people in the country. |
| GDP | Gross Domestic Product - used to determine a country's overall economic output. A country's total dollar value of all final goods and services produced in one year. |
| deflation | A decline in general price levels, often caused by a reduction in the supply of money or credit. |
| inflation | A rise in the general level of prices and goods. |
| recovery | The end of a recession or decline in economic activity. |
| depression | A severe downturn that lasts several years. |
| recession | A business cycle contraction; a general slowdown in economic activity over a period of time. |
| prosperity | The state of flourishing, thriving, or good fortune. |
