Match the definitions to the relevant economic indicators. gross domestic product (gdp) inflation gross national product (gnp) business cycle fluctuation in economic activity rate at which the price of goods and services increases measure of a country’s economic output produced all over the world measure of a country’s output, income, and expenses

Pairs

measures general price changes occurring

in an economy

consumer price index (CPI)

the total dollar amount of all goods,

services, and structures (buildings)

produced within a country in a year

gross domestic product (GDP)

when one country or organization has

the ability to produce a good or service

at a lower cost than competitors

comparative advantage

an increase in the supply of currency

that results in a decrease in the currency's

value and higher prices

inflation

the result of an alternative option that

is lost because you chose a different plan

opportunity costs

Explanation:

plato

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