Inflation - A general rise in prices coupled with a decrease in the value of money, Gross Domestic Product (GDP) - The value of all finished goods and services produced within a country’s borders, Gross National Product (GNP) - The value of all finished goods and services produced by a country’s citizens, GDP Per Capita - GDP divided by the nation’s population as an indication of the average income of a nation’s people, Consumer Price Index - The average change in prices of consumer goods and services, Human Development Index (HDI) - A composite measure of a nation’s social and economic development, Consumer Sentiment (UMCSENT) - How consumers are feeling about spending and their future expectations for the economy, Unemployment - Measures the share of workers in the labor force who do not currently have a job but are actively looking for work, Natural unemployment - The idea that there will always be people who are unemployed and looking for work, Recession - When there have been two quarters or more of negative GDP growth, Speculation - The act of trading in an asset or conducting a financial transaction that has a significant risk of losing most or all of the initial sum with the expectation of a substantial gain. High speculation can trigger a recession.,
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