Drag the tiles to the boxes to form correct pairs.
Match each economic term with its definition.
Complete the activity to continue
Tiles
gross domestic product (GDP) Inflation
consumer price Index (CPI)
opportunity costs
comparative advantage
Pairs
measures general price changes occurring
in an economy
the total dollar amount of all goods,
services, and structures (buildings)
produced within a country in a year



Answer :

To match each economic term with its definition: 1. **Gross Domestic Product (GDP)**: - Definition: The total dollar value of all goods, services, and structures produced within a country in a year. 2. **Consumer Price Index (CPI)**: - Definition: Measures general price changes occurring in an economy. 3. **Inflation**: - Definition: The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of a nation's currency. 4. **Opportunity Costs**: - Definition: The loss of potential gain from other alternatives when one alternative is chosen. 5. **Comparative Advantage**: - Definition: The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers. By understanding these definitions, you can now match each economic term with its correct definition.