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Week 6 Vocabulary Review

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Presentation on theme: "Week 6 Vocabulary Review"— Presentation transcript:

1 Week 6 Vocabulary Review

2 Rising prices with falling GDP and rising unemployment.
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

3 Market value of all final goods and services produce within a country in a year.
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

4 Unemployment because your job skills are no longer needed.
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

5 Rapid inflation. Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

6 Goods that are purchased by the last user and will not be resold or used to produce anything else.
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

7 People are out of work temporarily either due to seasonal work or changing jobs.
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

8 People are unemployed due to fluctuations in the business cycle
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

9 Percentage of labor force who is not working
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

10 Index of all goods and services produced in a country
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation

11 Increase in the price levels
Gross Domestic Product Final Good Unemployment Rate Frictional Unemployment Structural Unemployment Cyclical Unemployment Consumer Price Index Inflation Hyperinflation Stagflation


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