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gross domestic product
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Published on Nov 25, 2015
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1.
gross domestic product
amount of goods produced each year
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SouthernBreeze
2.
business cycle
cycle of economice expansion and contraction
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Intersection Consulting
3.
peak
maximum amount
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YoTuT
4.
trough
business cycle that marks the end
5.
expansion
increase in supply
6.
contraction
after business cycle but before peak occurs
7.
monetary policy
country controls the supply of money
8.
fiscal policy
government spending taxes on influencing the economy
9.
progressive tax
tax rate increase when taxable base amount increases also
10.
regressive tax
tax rate decreases when taxation increase
11.
proportional tax
tax imposed that way, the tax rate is fixed
12.
budget deficit
government spending money instead of group and individuals
13.
national debt
total amount of money a countrys government has burrowed and used
14.
Macroeconomics
economics thats concerned with large scale or general economic factors
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