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Government chapter 5
the economy
6
History
12th Grade
02/02/2016

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Term
Consumer price index
Definition
A primary measure of inflation determined by the increase in the cost of products compared to a base year
Term
Gross Domestic Product
Definition
Currently the key economic measure that analyzes an upward or downward economic trend of the monetary value of all the goods and sevices produced in a year including American gods produced in other countries.
Term
Gross national product
Definition
The total of all gods and series produced in a year including American goods produced in other countries.
Term
Discount rates
Definition
Interest levels established by the federal reserve that efect the ability of the consumer to borrow money. raising and lowering rates is used as a tool to combat inflation.
Term
Price supports
Definition
The Government's price guarentees for certain farm goods. The government subsidizes
Term
Distributive policy
Definition
Government giving
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