Friday, October 21, 2011

Week Five Vocabulary

17 Inflation - The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
     * Due to the high demand, and short supply, inflation is a big problem for Americans today.

18 Gross Demestic Product - The monetary value of all the finished goods and services produced within a country's borders in a specific time period.
     * The GDP is really helpful to see how all the goods produced in America are affecting the economy.

19 Infrastructure - The basic physical systems of a business or nation. Transportation, communication, sewage, water and electric systems are all examples of infrastructure
     * America's infrastructure is very unstable right now with how money is being spent.


20 Currency - A generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. 
     * America's currency is measured in dollars, just as Europe's is measured in Euros.  

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