Total dollar value of all final goods and services produced in a nation during a single year:

The difference between what a nation sells to other countries and what it buys from other countries is its:

Statistics that measure variables in the economy are called:

To obtain this you must subtract the total value lost through depreciation on machines and equipment from a nation's total output (GDP):

These usually change at the same time as changes in overall business activity:

A prolonged rise in the general price level of goods and services is called:

The goods and services that money can buy; determines the value of money:

A measure of the change in price over time of a specific group of goods and services used by the average household:

The business cycle period when economic activity slows down is called a:

When the nation's output (real GDP) does not grow for at least six months, economists speak of a:

Which of the following is NOT one of the four main forces economists tend to link business fluctuations to:

When businesses anticipate an economic downturn, they cut back on capital investment, which could lead to a:

The government affects business activity in two ways:

An example of a factor outside a nation’s economy that can influence the business cycle is:

An example of a psychological factor that can influence the business cycle is:

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