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Chapter 3: Political and Economic Analysis Flashcards | Quizlet In this type of economy, the government answers three basic economic questions: what, how and for whom? Communism Usually authoritarian, control factors of production, assignee jobs, goods given accourding to need no financial incertive to increase productivity Ex: Countries such as North Korea are Communists Consumer Price Index (CPI) Publications Centre Publications Centre Lifestyle | Daily Life | News | The Sydney Morning Herald The latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing Chapter 3: Political and Economic Analysis Flashcards | Quizlet In this type of economy the government answers three basic questions: what, how and for whom gross domestic product (GDP) a measure of goods and services produced using labor and property located in the United States inflation rising prices infastructure

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Chapter 3 - Political & Economic Analysis Flashcards | Quizlet a system in which a country's government makes economic decisions and decides what, when, and how much will be produced and distributed productivity output per worker hour that is measured over a defined period of time GDP the output of goods and services produced by labor and property located within a country GNP

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