NAME: ________________________

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of 13 available terms

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5 Written Questions

4 Multiple Choice Questions

  1. spending of money.
  2. total amount spent on healthcare by a country.
  3. total amount of goods and services brought to a country from another country for sale.
  4. total value of all goods and services bought and sold in a year.

4 True/False Questions

  1. Unemployment ratepercentage change in the price of goods and services over the course of one year. Generally, as the price of goods rise, the buying power of money falls. This means that goods cost more as time goes on.

          

  2. Developing nationa country with a weak economy and a low standard of living

          

  3. Importstotal amount of goods and services brought to a country from another country for sale.

          

  4. Developed nationa country with a strong economy and high standard of living

          

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