Economic growth

Occurs when a country's output exceeds its population growth.

Consumer price index

Indicates what is happening in general to prices in the country.

Recession

Decline in the GDP that continues for 6months or more.

Inflation

The rapids rice in price caused by an inadequate supply of goods and services.

Business cycles

A pattern of irregular but repeated expansion and contraction of GDP.

Depression

A long and severe drop in GDP