Inro to Business

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  • What's Americas economy, I heard it on the news
  • What's an economy?
  • Well, there's a lot of indicators about the economy. There's GDP, Proctivity, Unemployment rate, counsumer spending, CPI, and Intrest rates
  • Well what are those?
  • GDP is counsumer rate plus business spending plus government spending plus net exports which is exports minus imports
  • productivity output divided by the number of workers. Unemployment is people who aren't working. Counsumer spening is personal income and buying power.
  • Okay, and the other things?
  • Consumer Price Index is a number that compares prices year to year and Intrest rates is the cost of money
  • Okay
  • And those are just some basics of the economy and how it works.
  • Alright I have of a little better understanding now, thank you mrs. fergeson
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