GDP/Business Cycle

Economic growth, low unemployment, and stable prices

High inflation, high interest rates, and high taxes

Government control, income inequality, and international trade

Consumer spending, business investment, and government spending

The value of all final goods and services produced within a country's border in a specific period of time

The total amount of money in circulation within a country

The total value of a country's exports minus imports

The amount of money earned by the government through taxes

Number of unemployed people divided by the number of people in the labor force, times 100

Number of unemployed people divided by the total population, times 100

Number of unemployed people divided by the number of employed people, times 100

Number of unemployed people divided by the number of discouraged workers, times 100

Unemployment rate when there is only frictional and structural unemployment

Unemployment rate when there is 0% unemployment

Unemployment rate when there is only cyclical unemployment

Unemployment rate when there is only structural unemployment

The expansion and contraction of an economy over time

The fluctuation of interest rates in the stock market

The rise and fall of consumer spending

The increase and decrease of government debt

To understand how the whole economy works

To predict stock market trends

To analyze individual consumer behavior

To calculate market prices