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Chapter. Study Guide. Economic Activity. Part 1 Unscramble. Directions following vocabulary words that were dfscussed in Chapter 2. 1. rutviiopdcyt. Answers. A period in which most people who want to work have a job, wages are good, business are producing record number of goods, and the rate of GDP is increasing. A period in which unemployment begins to rise, demand begins to decrease, and businesses lower production. Personal ____________________ refers to salaries and wages as well as investment income and government payments to individuals. An economic ____________________ is the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise Description of chapter 2 study guide economic activity unscramble answers words that were discussed in Chapter 2. Answers 1. rutviiopdcyt 1. 2. ctsko. Economic Activity. 2-1 Measuring Economic Activity. Economic growth refers to a steady increase in the productions of good and services in an economic systemChapter 2. 6. What types of economic activities are not included in GDP? Answer. GDP only applies to reported final goods and services. Money earned for Chapter 2. Measuring economic activity. GROSS DOMESTIC PRODUCT (GDP) Chapter 2. Components of GDP. Consumer spending for food, clothing, housing, and other spending Answer the following question based on your map:. Start studying Chapter 2 Economic Activity Study Guide. Learn vocabulary, terms, and more with flashcards, games, and other study tools. View Notes - CHAPTER_2_ECONOMIC_ACTIVITY from BUSINESS Intro to B at Manasquan High. ECONOMIC ACTIVITY CHAPTER 2 2.1 MEASURING Start studying Chapter 2 study guide: economic activity. Learn vocabulary, terms, and more with flashcards, games, and other study tools.