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What Do You Remember?

Match each vocabulary word in the left column with the best definition or explanation of that word in the right column. Type your answers in the blanks.

  1.     wages A. This is something businesses buy to produce other goods or services while trying to make a profit.
  2.     import B. This means to bring a product into a country.
  3.     economist C. This is any money that a person, family, business, or the government earns through labor.
  4.     consumer purchase D. This country has a GDP of approximately 4.5 trillion dollars.
  5.     Japan E. This person studies the science that deals with the production, distribution, and consumption of goods and services.
  6.     gross domestic product F. This country is known for its ability to create and use technology.
  7.     China G. This is the total dollar value of all final goods and services produced in a nation in one year.
  8.     export H. This is the capital of Russia. Manufacturers from this city produce a large number of textiles and automobiles.
  9.     Moscow I. These are things people buy for their own personal use.
  10.     business purchase J. This means to send products out of the country.