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In a sentence or two, define the following economic terminologies. Use your own words and write clearly. Provide examples if appropriate. 1. Gross Domestic Product

In a sentence or two, define the following economic terminologies. Use your own words and write clearly. Provide examples if appropriate.

1. Gross Domestic Product or GDP 2. Full employment 3. Frictional unemployment 4. Fiscal Policy 5. National Debt

No need to do "heavy" research.

There should be 5 separate paragraphs total with 1-point each for a total of 5 points in this assignment.

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