Macroeconomics Vocabulary #2 Matching - Tarik Davis | Library | Formative

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Match the economic terms with their definitions:

Draggable item		Corresponding Item
expansionary policy		actions to encourage economic growth
effective		achieving its intended effect
economic growth		rise in goods and services production

Match the terms with their descriptions:

Draggable item		Corresponding Item
fiscal policy		government spending and taxes to affect performance
externality		consequence of economic activity
final goods and services		end products of production process

Identify the correct definitions for these economic concepts:

Draggable item		Corresponding Item
Gross Domestic Product (GDP)		market value of all final goods produced
GDP per capita		GDP divided by population
generalizations		statements inferred from causes

Match the following economic definitions to their terms:

Draggable item		Corresponding Item
Gross National Product (GNP)		market value by domestically owned production
externality		unintended consequence of actions
fiscal policy		government actions with spending and taxes

Relate the economic concepts to their meanings:

Draggable item		Corresponding Item
final goods		complete merchandise sold to consumers
effective		exists when impact is achieved
GDP per capita		average economic output per person

Connect the economic terms with their respective definitions:

Draggable item		Corresponding Item
expansionary policy		strategies to facilitate economic improvement
Gross Domestic Product (GDP)		total market value of production
economic growth		increase in a nation's production capabilities

Match economic processes with their implications:

Draggable item		Corresponding Item
externality		producing the desired outcomes
generalizations		unintended side effects from actions
effective		broad statements derived from observations

Identify the definitions of these economic terms:

Draggable item		Corresponding Item
GDP per capita		standard of living measure
fiscal policy		government budget management strategies
Gross National Product (GNP)		includes factor income of citizens

Relate these economic terms to their definitions:

Draggable item		Corresponding Item
expansionary policy		increase economic activity
final goods and services		consumed by end users
economic growth		sustained productivity rise

Connect these economic concepts with their meanings:

Draggable item		Corresponding Item
expansionary policy		increase economic activity
final goods and services		consumed by end users
economic growth		sustained productivity rise