Question

Match the vocabulary word with its definition.

1. aggregate economic behavior
2. debt
3. default
4. Gross Domestic Product
5. investment
6. needs
7. unemployment rate
8. wants
percentage of people in a country willing to work and looking for work but currently unemployed

economic wide results of individual behavior

goods or services desired by a person but not required for survival

purchase of goods used to create more wealth

the monetary value of all finished goods and services in a country

failure to fulfill and obligation monetarily

money owned or due

a good or service required for survival

Answer 1

1. AGGREGRATE ECONOMIC BEHAVIOR:
economic wide results of individual behavior
2. DEBT:
money owed or due
3. DEFAULT:
failure to fulfill and obligation monetarily.
4. GROSS DOMESTIC PRODUCT:
the monetary value of all finished goods and services in a country
5. INVESTMENT:
the purchase of goods used to create more wealth
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Answer 2

Hi!

(This is from srahman2 by the way!)

1. AGGREGRATE ECONOMIC BEHAVIOR:

economic wide results of individual behavior

2. DEBT:

money owed or due

3. DEFAULT:

failure to fulfill and obligation monetarily.

4. GROSS DOMESTIC PRODUCT:

the monetary value of all finished goods and services in a country

5. INVESTMENT:

the purchase of goods used to create more wealth

6. NEEDS:

a good or service required for survival

7. UNEMPLOYMENT RATE:

percentage of people in a country willing to work and looking for work by currently unemployed

8. WANTS:

goods or services desired by a person but not required for survival