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Laabri

Macroeconomics Vocabulary #2 Matching

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Last updated 11 months ago
10 Nsɛmmisa
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Asemmisa {{asɛmmisaAhyɛnsode}}
1.

Match the economic terms with their definitions:

Draggable itemarrow_right_altCorresponding Item

effective

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actions to encourage economic growth

economic growth

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achieving its intended effect

expansionary policy

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rise in goods and services production

Asemmisa {{asɛmmisaAhyɛnsode}}
2.

Match the terms with their descriptions:

Draggable itemarrow_right_altCorresponding Item

final goods and services

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government spending and taxes to affect performance

fiscal policy

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consequence of economic activity

externality

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end products of production process

Asemmisa {{asɛmmisaAhyɛnsode}}
3.

Identify the correct definitions for these economic concepts:

Draggable itemarrow_right_altCorresponding Item

GDP per capita

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market value of all final goods produced

generalizations

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GDP divided by population

Gross Domestic Product (GDP)

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statements inferred from causes

Asemmisa {{asɛmmisaAhyɛnsode}}
4.

Match the following economic definitions to their terms:

Draggable itemarrow_right_altCorresponding Item

fiscal policy

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market value by domestically owned production

Gross National Product (GNP)

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unintended consequence of actions

externality

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government actions with spending and taxes

Asemmisa {{asɛmmisaAhyɛnsode}}
5.

Relate the economic concepts to their meanings:

Draggable itemarrow_right_altCorresponding Item

GDP per capita

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complete merchandise sold to consumers

final goods

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exists when impact is achieved

effective

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average economic output per person

Asemmisa {{asɛmmisaAhyɛnsode}}
6.

Connect the economic terms with their respective definitions:

Draggable itemarrow_right_altCorresponding Item

economic growth

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strategies to facilitate economic improvement

expansionary policy

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total market value of production

Gross Domestic Product (GDP)

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increase in a nation's production capabilities

Asemmisa {{asɛmmisaAhyɛnsode}}
7.

Match economic processes with their implications:

Draggable itemarrow_right_altCorresponding Item

generalizations

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producing the desired outcomes

effective

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unintended side effects from actions

externality

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broad statements derived from observations

Asemmisa {{asɛmmisaAhyɛnsode}}
8.

Identify the definitions of these economic terms:

Draggable itemarrow_right_altCorresponding Item

fiscal policy

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standard of living measure

Gross National Product (GNP)

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government budget management strategies

GDP per capita

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includes factor income of citizens

Asemmisa {{asɛmmisaAhyɛnsode}}
9.

Relate these economic terms to their definitions:

Draggable itemarrow_right_altCorresponding Item

economic growth

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increase economic activity

expansionary policy

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consumed by end users

final goods and services

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sustained productivity rise

Asemmisa {{asɛmmisaAhyɛnsode}}
10.

Connect these economic concepts with their meanings:

Draggable itemarrow_right_altCorresponding Item

externality

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total value of produced goods

Gross Domestic Product (GDP)

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successfully achieving goals

effective

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effects beyond intended outcomes