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Economics: Difference between revisions
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'''[[w:Macroeconomics]]''' | '''[[w:Macroeconomics]]''' | ||
'''[[w:Gross domestic product]]''' (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time. ( Wikipedia ) | '''[[w:Gross domestic product]]''' (GDP) ( [[w:fi:Bruttokansantuote]] ) is the market value of all officially recognized final goods and services produced within a country in a given period of time. ( Wikipedia ) | ||
:::'''[[w:Circular flow of income]]''' or circular flow refer to a simple economic model which describes the reciprocal circulation of income between producers and consumers. ( Wikipedia ) which is used to calculate the GDP. | :::'''[[w:Circular flow of income]]''' or circular flow refer to a simple economic model which describes the reciprocal circulation of income between producers and consumers. ( Wikipedia ) which is used to calculate the GDP. | ||
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:::'''Consumer expendiatures''' are divided to the [[w:services]], [[w:durable goods]] and [[w:consumables]] ( a.k.a. non-durables ) | :::'''Consumer expendiatures''' are divided to the [[w:services]], [[w:durable goods]] and [[w:consumables]] ( a.k.a. non-durables ) | ||
:::'''[[w:Unemployment]]''' | :::'''[[w:Unemployment]]''' ( [[w:fi:Työttömyys]] ) | ||
::::[[w:Frictional unemployment]] | ::::[[w:Frictional unemployment]] | ||
::::[[w:Structural unemployment]] | ::::[[w:Structural unemployment]] | ||
::::[[w:Cyclical unemployment#Cyclical unemployment|Cyclical unemployment]] | ::::[[w:Cyclical unemployment#Cyclical unemployment|Cyclical unemployment]] | ||
:::'''[[w:Business cycle]]''' (or economic cycle) refers to economy-wide fluctuations in production or economic activity over several months or years. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession). ( Wikipedia ) | :::'''[[w:Business cycle]]''' (or economic cycle) ( [[w:fi:Suhdannevaihtelu]] ) refers to economy-wide fluctuations in production or economic activity over several months or years. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession). ( Wikipedia ) | ||
:::'''[[w:Consumer price index]]''' (CPI) measures changes in the price level of consumer goods and services purchased by households. ( Wikipedia ) | :::'''[[w:Consumer price index]]''' (CPI) ( [[w:fi:Kuluttajahintaindeksi]] ) measures changes in the price level of consumer goods and services purchased by households. ( Wikipedia ) | ||
== 2012-11-20 == | == 2012-11-20 == | ||