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Gross domestic product
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Published on Nov 19, 2015
Section 4 vocab
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PRESENTATION OUTLINE
1.
Gross domestic product
measure of economic activity in a country
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geishaboy500
2.
business cycle
The long-run pattern of economic growth and negative growth
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shirokazan
3.
peak
highest point in economy's growth
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tricky (rick harrison)
4.
through
transition point between economic recession and recovery
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ankakay
5.
expansion
increase in the economic activity
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Photolifer
6.
contraction
point where economy as a whole is in a decline
7.
Monetary Policy
what a bank does to control the money supply
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c_ambler
8.
fiscal policy
It comprises public spending and taxation
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anieto2k
9.
Progressive Tax
tax that takes a lager proportion of a tax payers income
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John-Morgan
10.
regressive tax
tax that takes a smaller proportion of a tax payers income
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Sadie Hernandez
11.
proportional tax
tax that takes a larger percentage of higher income than from lower income
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401(K) 2013
12.
Budget Deficit
plan for making and spending money
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wbeem
13.
national debt
net accumulation of federal budget deficits
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Josh Kenzer
14.
Macroeconomics
big picture of economy world wide.
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kretyen
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