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10 Cards in this Set
- Front
- Back
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Listening; Great learners develop strong listening skills.
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Listening- is a process that involves taking in auditory stimuli, holding the stimuli in working memory long enough to attach meaning to the words, and understanding what you hear;
Listening is a main component in efficient learning. |
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GDP(Gross Domestic Product); GDP is a finance term used in Economics.
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GDP- Gross Domestic Product is the market value of all officially recognized final goods and services produced within a country in a given period of time;
GDP per capita is considered a country's standard of living. |
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Labor force;
The labor force is the total amount of people working in America. |
Labor Force- Employed and Unemployed workers; including factory workers, blue and white collar workers.
The amount of employed workers outnumbers the amount of unemployed workers in the labor force. |
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Business cycle;
The business cycle is a key term when discussing the GDP and recession and expansion. |
Business Cycle-An economic contraction (recession) followed by an expansion.
The business cycle diagram helps explain the pros and cons of the GDP. |
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The Accelerator;
The accelerator is a segway for income and stock. |
Accelerator-A parameter that defines the relationship between national income and required capital stock;
The accelerator is a vital component when linking national income and required capital stock. |
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Disinflation;
Disinflation is a sign that inflation is reclining at a steady pace. |
Disinflation- A decline in the overall rate of inflation. Prices are still rising but by a smaller amount relative to previous time periods;
Disinflation is a sign that reasonable prices are going to replace overpriced items. |
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Depreciation;
Depreciation can help devalue the value of products and goods. |
Depreciation- A measure of the wear and tear that affects capital equipment or other intermediate goods;
Depreciation can help devalue the value of products and goods. |
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Capital Gain;
Capital gain helps raise a national GDP. |
Capital gain-a positive difference between the sale price of an asset and its purchase price;
Capital gain helps raise a national GDP. |
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Employment;
The employment rate remains pretty consistent. |
Employment- A measure of those individuals in the labor force working, at least one hour per week, for pay;
The employment rate remains pretty consistent. |
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Net Investment;
Companies usually net invest to raise the value of their corporations. |
Net Investment- Investment exclusive of replacement of depreciated capital;
Companies usually net invest to raise the value of their corporations. |
