Measuring Economic Activity

market value of all final products produced in a country during a specific time period

• Indicators
• GDP
• Inflation
• Interest Rates

is the measure of a worker’s production in a specific amount of time such as an hour, day, or week

• Inflation
• Interest Rate
• Unemployment Rate
• Productivity

includes everything people buy for personal use such as food, clothing, cars, medical care and recreation.

• Consumer Spending
• Business Investments
• Government Spending
• Net Exports

signs that show the condition of something

• Indicators
• GDP
• Inflation
• Interest Rates

consumer demand for goods and services starts to slow

• Expansion
• Peak
• Recession
• Trough

is a system and marketplace for buying and selling stocks

• Stock Market
• Bond
• Unemployment Rate
• Productivity

is the percentage of the civilian labor force that is unemployed

• Inflation
• Interest Rate
• Unemployment Rate
• Productivity

is a period when the economy is growing and the GDP is rising

• Expansion
• Peak
• Recession
• Trough

the lowest stage of a business cycle and marks the end of a recession

• Expansion
• Peak
• Recession
• Trough

begins with an increase in customer demand for goods and services

• Expansion
• Peak
• Recession
• Trough