| A | B |
|---|
| 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 suinesses for items such as land, buildings, and equipment. |
| GDP | The total value of all final goods and service produced in a country in one year |
| Budget Surplus | Government spends less than it takes in. |
| Depression | A phase marked by a long period of high unemployment, weak consumer sales, and 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 the country. |
| Productivity | Production output in relation to a unit of input such as worker. |
| Recovery | The phase in which unemployment decreases, demand for goods and services increases, and 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 non-durable goods bought by consumers |
| Prosperity | A period in which unemployment is low, businesses produce many goods and services, and wages are good. |
| Price Index | A number that compares prices in one year with prices in some earlier base year. |
| Recession | A period in which demand, production, and GDP growth decrease and unemployment begins to rise. |
| National Debt | The total amount owed by the federal government. |
