Economic Indicators- are figures used to measure economic performance.
Gross Domestic Product- The total value of the goods and services produced in a country in a given year.
Standard of living- is the amount of goods and services the average citizen can buy
Inflation- is a general increase in the cost of goods and services
Deflation-
Budget deficit-
National Debt-
Budget Surplus-
Business Cycle-
Prosperity-
Recession-
Depression-
Recovery-
Unemployment Rate- measures the number of people who are able to work but dont have a job during a given period of time.