Seasonal unemployment happens when workers are unemployed at certain times of the year when demand for labour is

Unemployment, when the number of jobs available in the economy is not enough to provide a job for

Unemployment that results because it takes time for workers to find the jobs that best suit their skills

The economy’s natural rate of unemployment refers to the rate of unemployment that the economy normally experiences. The

The GDP deflator, also described the implicit price deflator for GDP, is defined as the ratio of nominal

Nominal GDP uses current prices to place a value on the economy’s production of goods and services. Real

In this chapter we will study 4 different components of GDP. Components of GDP are… Consumption Investment Government

Gross domestic product (GDP) is the market value of all final goods and services produced within a country

In this chapter we will learn about Circular flow of income and expenditures in relation to GDP. The

Gross domestic product (GDP), is one way of measuring the size of the economy, but it’s not the

So far we have seen how supply and demand together determine a market’s equilibrium, which in turn determines