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8 Cards in this Set
- Front
- Back
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GDP
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a measure of all currently produced final goods and services
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Unemployment Rate
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the # of unemployed persons expressed as a percentage
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Inflation
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a rise in the general level of prices
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Price Index
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a measure of aggregate price level relative to a chosen base year
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CPI
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a measure of the retail prices of a fixed "market basket" of several thousand G&S's purchased by households
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Fed Budget Deficit
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Fed Gov. tax rev - outlays
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Trade Deficit
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the excess of imports / exports
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Aggregate D
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the sum of the D's for current output by each of the buying sectors
ie: households, biz, gov, purchasers of foreign exports |
