Economic Activity

3. , total value of all final goods and services produced in a country during one year.
5. , a decrease in the general level of prices.
8. income , this refers to salaries and wages as well as investments income and government payments to individuals.
9. per capita , output per person.
10. sales , sales of durable and nondurable goods bought by consumers.
11. , represents ownership in a corporation
13. , period marked by a prolonged period of high unemployment.
15. cycle , recurring ups and downs of GDP.
16. rate , portion of people in the labor force who are not working.
18. debt , total amount owned by the federal government

1. surplus , when the government spends less than it takes in
2. , increase in general prices.
4. , period in which most people who want to work are working.
6. deficit , when the government spends more than it takes in
7. project , spending by businesses for items such as land, buildings, equipment, and new products
10. , period in which demand begins to decrease, businesses lower production, and unemployment beings to rise.
12. index , number that compares prices in one year with an earlier base year.
14. , phase in which unemployment beings to decrease, demand for goods and services increase, and GDP beings to rise again.
15. , represents debt for an organization
17. , the production output in relation to unit of input such as a worker.