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11 Cards in this Set
- Front
- Back
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the total value of goods and services produced in a country in a given year |
GPD (Gross domestic product) |
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the level of material comfort as measured by the goods and services that are available |
standard of living |
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when a governments revenue exceeds it's expenditures during a one year peroid |
budget surplus |
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the ride and fall if economic activity over time |
business cycle |
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True or False: commercial properties are rented to families |
false |
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what is compound interest earned on? |
the interest |
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the largest financial asset Americans own is... |
a home |
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ownership of a home can provide a home owner with |
tax advantages |
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a bank that allows account holders to deposit or withdraw money at any time and to earn I treat on the funds |
regular savings account |
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the ability to turn an invest inner into cash |
liquidity |
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a measurement of earnings on investments, usually as a % |
rate of return |
