GDP, Business Cycle, and Standard of Living

Match it! Select the correct answer from the pull down...Good luck!

Government spending, such as food assistance, Social Security, and Medicaid are included in GDP.

Indicate which component of GDP is affected in this scenario, A school receives funding from the Dept. of Education

Exports are goods and services that are produced in other countries, then brought to the United States in trade.

What best describes a developing nation?

What best describes an underdeveloped nation?

During a depression, consumer spending is...

Indicate which component of GDP is affected in this scenario, A teenager purchases their first car, a used Prius

A business cycle will affect all states, people, and businesses equally.