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7 Cards in this Set
- Front
- Back
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According to the World Bank, this country has the top GDP of 2013 @ 16.8 trillion dollars |
USA
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a measure of national output is computed by multiplying all final goods and services produced in a 12-month period by their prices.
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GDP
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A major tool that the Consumer Price Index (CPI) uses |
Market Basket |
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determined by comparing the price level at the beginning and end of a period of time of the prices of a group of goods and services |
Inflation Rate
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It is a misuse of this type of policy that can overload an economic system with currency causing inflation |
Monetary Policy |
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This policy is more concerned with how money is spent as opposed to how it is used and the amount within the economy |
Fiscal Policy
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Sum of monthly inflation and unemployment rates |
Misery Index |
