用Quizlet學習並牢記包含Gross Domestic Product (GDP)、Recession、Business Cycle等詞語及更多內容的單詞卡。
用Quizlet學習並牢記包含Define economics、Why is the study of economics important to us、What happens in the factor market等詞語及更多內容的單詞卡。
the study of the production, distribution, and consumption of goods and services 點擊卡片即可翻轉 👆 1) Describe foundational philosophies of capitalism and socialism 2) Discuss private property rights and why they are key to economic development 3) Discuss GDP (Gross Domestic Product) 4) Explain...
用Quizlet學習並牢記包含Great Depression、Among economists today, the most widely accepted cause of the Great Depression is、Macroeconomics first developed as a new sub field of economics等詞語及更多內容的單詞卡。
Gross Domestic Product The value of output measured in current dollars. Could be caused to increase by either rising prices or an increase in physical output. Useless to compare between years because of inflation. Nominal GDP GDP numbers are adjusted for inflation giving constant prices. Inflation ...
Gross Domestic Product the total value of all final goods and services produced in a country in a given year business cycle a period of macroeconomic expansion, or growth, followed by one of contraction, or decline Referendums a proposed law submitted directly to the public ...
GDP (gross domestic product) Dollar value of all final goods, services, and structures produced within a country's borders during a one-year period. human capital Sum of people's skills abilities, health, knowledge, and motivation. labor People with all their efforts, abilities, and skills. ...
用Quizlet學習並牢記包含the study of economics is important because it enables us to、the dollar value of all final goods and services and the most comprehensive measure of a country's total production output is、a popular model used to illustrate the con
Gross Domestic Product, the total value of goods and services produced in an economy Crowding out Reduction in private sector investment due to increased government borrowing Interest The cost of borrowing money Financial capital Money loaned from households to business firms for investment purposes ...
Gross Domestic Product (GDP) Total market value of all goods and services produced in a country in a given year Pay yourself 1st Strategy of putting away at least 10% of earnings towards savings and investments Rule of 72 Way to calculate how long an investment will double the sum of money...