Name _________________________ Class _______________ Date _______________
CHAPTER
VOCABULARY
12
Gross Domestic Product and Growth
2
A. Matching
Directions: Match the definitions in Column I with the terms in
Column II. Write the letter of the correct answer in the blank.
Column I
Column II
______ 1. products used to make final goods
a. contraction
______ 2. GDP measured in unchanging prices
b. expansion
______ 3. a period of falling real GDP
c. intermediate goods
______ 4. GDP measured in current prices
d. nominal GDP
______ 5. goods that last a short time
e. nondurable goods
______ 6. falling real GDP and rising prices
f. real GDP
______ 7. a period of rising real GDP
g. stagflation
B. Writing Sentences
Directions: Use each of the following terms in a complete sentence.
Write sentences that show your understanding of the terms.
8. depreciation
9. leading indicators
10. depression
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