Supply and Demand Matching
Match the terms with their definitions.
Name ____________________________
Date _____________________________
When the supply and demand are equal and their curve lines intersect.
The total amount of goods and services produced within a country's borders over a specified time.
The total amount of goods and services produced by a nation's citizens, domestic and abroad, over a specified time.
The measure of change in prices that an average consumer would pay for a market basket of goods and services over time.
The amount of money that goes towards personal spending for goods and services.
The ratio that compares the amount of output per unit with the amount of input used in the production of goods and services.
A financial market where stock is bought or sold through exchange.
A business that buys large quantities of goods and resells them to retailers to be sold to consumers.
A business that produces or makes goods to be sold to consumers.
a. consumer spending
b. gross national product (GNP)
c. productivity
d. wholesalers
e. stock market
f. equilibrium
g. Consumer Price Index (CPI)
h. manufacturer
i. Gross Domestic Product (GDP)
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