Semester Test Review

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Individuals actively looking for work, but are layed off are apart of a percentage known as____.

What does the government use to provide assistance for those with little or no income?

Market situation in which a single supplier makes up an entire industry for a good or service with no close substitutes is known as _____________.

Final goods and services produced in a nations total dollar value is known as _____.

It is a debt that occurs when the federal government spends more money that it has collected in tax revenues, what is it called?

The total amount of money received after all deductions have been taken out is called________.

Government attempts to manage by means of taxation, spending, and borrowing in what is known as__________.

What is it when the quantity supplied is greater than quantity demanded at the current price?