Bond Budget deficit Budget surplus Business cycle Capital project Deflation Depression Gross domestic product Retail sales stock

GDP per capita Inflation National debt Personal income Price index Productivity Prosperity Recession Recovery Unemployment rate

Explain what a final good is and give an example

Describe the main cause for unemployment

List the four future economic challenges

Outline the stages in the business cycle

Gross domestic product

Unemployment rate

Consumer price index

Retail sales

Monthly measure of the sales of durable and non durable goods bought by consumers

Compares the prices of a group of selected items each year to some earlier year

The percentage of people in the labor force who are willing to work, are looking for work but are unable to find work

The total dollar value of all final goods and services produced each year in a country

The most widely used measure of national output