macro

Question 1

GDP(production)

Accepted Answer

the sum of value added in the economy for a given period

Question 2

sum of all incomes in an economy during a given period

Accepted Answer

GDP(uncome)

Question 3

(production) GDP

Accepted Answer

sum of all final goods and services produced in an economy in a given period

Question 4

unemployment rare

Accepted Answer

Is the ratio of people who are not employed

but actively lookings:

u = U/L

Question 5

discouraged workers

Accepted Answer

people in society which are unemployed and not for looking for a job

Question 6

generale Rise in the prices

Accepted Answer

<html><body>inflation</body></html>

Question 7

GDP defeator

Accepted Answer

shows general increase in prices on the PRODUCTION side nominal GDP/ real GDP

Question 8

Is the GDP is the total quanties of produced goods multipled by current prices

Accepted Answer

Question 9

nominal GDP

Accepted Answer

Is the total quantity of produced goods multiplied by the current price

Question 10

expansion: positive gdp growth
Recession: negative gdp growth

Accepted Answer

<html><body>GDP growth</body></html>

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