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Prepare a 700- to 1,050-word paper in which you define the following terms:


Gross domestic product (GDP)


Real GDP


Unemployment rate


Inflation rate


Interest rate

Explain how the circular flow diagram illustrates the interaction of households, government, and business. Also, describe how current economic conditions affect your organization or one with which you are familiar. Identify the most important economic indicator affecting your organization and explain why.

Format your paper consistent with APA guidelines, and include a copy of Certificate of Originality. This assignment is due in the Assignment Folder by Monday (Day 7).

Eco 372 week 1 individual assignment term definition paper (uop course)  

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