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 don’t have a job during a given period of time.