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Gross domestic product

Published on Nov 22, 2015

Gabrielle Paxton-Neal ... 6th Period Economics

PRESENTATION OUTLINE

Gross domestic product

Measure of Economic activity in a country. 

trough

Transition point between recession & recovery.  

Expansion

Becoming larger

Peak

 Price depends on the time when the service is provided 

Business Cycle

Cycles of economic expansion and contraction
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Monetary Policy

One of the U.S. way's to control the economy 
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Contraction

Negative Growth 
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Fiscal Policy

Goverment adjusts it's spending level 

Progressive Tax

Tax rate increases 
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Regressive Tax

Tax rate decreases 
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Proportional Tax

Tax imposed so that the tax rate is fixed. Half/Even 
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Budget Deficit

Difference between what the Gov. Spends and what the Gov. Collect.
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National Debt

Total amount of money that had been borrowed 

Macroeconomics

General Economic Factors
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