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Gross domestic product
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Published on Nov 22, 2015
Gabrielle Paxton-Neal ... 6th Period Economics
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1.
Gross domestic product
Measure of Economic activity in a country.
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Office for National Statistics
2.
trough
Transition point between recession & recovery.
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Pimlico Badger
3.
Expansion
Becoming larger
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Jordi Payà Canals
4.
Peak
Price depends on the time when the service is provided
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tricky (rick harrison)
5.
Business Cycle
Cycles of economic expansion and contraction
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Arenamontanus
6.
Monetary Policy
One of the U.S. way's to control the economy
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SS&SS
7.
Contraction
Negative Growth
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marsmet553
8.
Fiscal Policy
Goverment adjusts it's spending level
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Oak Park Public Library
9.
Progressive Tax
Tax rate increases
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mSeattle
10.
Regressive Tax
Tax rate decreases
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mSeattle
11.
Proportional Tax
Tax imposed so that the tax rate is fixed. Half/Even
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Rami ™
12.
Budget Deficit
Difference between what the Gov. Spends and what the Gov. Collect.
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chadinbr
13.
National Debt
Total amount of money that had been borrowed
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The Adventures of Kristin & Adam
14.
Macroeconomics
General Economic Factors
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Miller_Center
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