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BOYCOTT: An organized effort to reduce the sales of a particular good that's intended to punished the producer or seller. Boycotts are promoted by labor unions to inflict harm on their companies and (hopefully) encourage their employers to settle labor distributes. Special interest groups also use boycotts to achieve assorted political goals. Some groups, for example, have called for boycotts of the products advertised on "undesirable" television shows, while others have boycotted companies that do business in politically "undesirable" countries.

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Lesson 10: Gross Domestic Product | Unit 1: Measuring Production Page: 1 of 25

Topic: An Indicator <=PAGE BACK | PAGE NEXT=>

Economists use numerical measurements to indicate the health and well-being of the economy.
  • Economic diagnosis relies on several indicators.
  • Gross domestic product is the most comprehensive measure of the economy's production and one of the most basic measures of the economy's well-being.
  • Gross domestic product, as well as other economic measures, are indicators of our economic health.
A GDP Definition:

Gross domestic product (GDP) is the total market value of all final goods and services produced in the economy in a given period of time, usually one year.

  • The goal of GDP is to measure the total production of goods and services produced in the economy each year.
  • A larger GDP means that we have more goods and services that can be used to satisfy our unlimited wants and needs.
  • The chart presents recent numbers for GDP in the United States.

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FEDERAL RESERVE PYRAMID

A representation of the structure of the U.S. Federal Reserve System that is shaped like a pyramid with the Chairman at the top and thousands of commercial banks (and the non-bank public) at the bottom. By the numbers, the Federal Reserve pyramid includes 1 Chairman, 7 members of the Board of Governors, 37 Federal Reserve Banks, around 20,000 commercial banks, and 300 million people making up the non-bank public.

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time calling an endless list of 800 numbers hoping to buy either a three-hole paper punch or decorative picture frames. Be on the lookout for fairy dust that tastes like salt.
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This isn't me! What am I?

Francis Bacon (1561-1626), a champion of the scientific method, died when he caught a severe cold while attempting to preserve a chicken by filling it with snow.
"Man is born to live, not to prepare for life. "

-- Boris Pasternak, writer

APR
Annual Percentage Rate
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