| Inflation | Increase in the price of goods and services that decreases the value of money |
Unemployment rat?
| Percentage of labor force that is out of work |
Goss National Product (GNP)
| Value of all good and serviced produced by the nation |
Progressive taxes
| Taxes that increase in proportion to the wealth of the individual |
Sin taxes
| Taxes on liquor, cigarettes and gambling that have negative impact on society |
Flat tax
| Single, low rate tax paid by every citizen |
Medicare
| Provides basic health coverage for those over age 65 |
Medicaid
| Health benefits for the poor |
Social Security Program
| Federal pension program financed by equal amounts from employers and employees |