Unit 1 California's Diversity

Question 1

Capitalism

Answer 1

An economic system in which most of the economy’s resources are privately owned.

Question 2

Net worth

Answer 2

The value of all assets minus all liabilities.

Question 3

Appreciation

Answer 3

The increase in market value of real estate.

Question 4

Inflation

Answer 4

The increase in the general price level of goods and services.

Question 5

Median Home Price

Answer 5

The price that is middle value of a sample of sales, with one-half of the sales below and one-half of the sales above.

Question 6

Demographics

Answer 6

Information from a variety of sources used to create a broad profile of any community.

Question 7

Gold Rush

Answer 7

A large migration of people to a newly discovered gold field.

Question 8

Housing Inventory

Answer 8

Housing units that are available for sale or in the process of being made ready for sale.

Question 9

C.A.R.

Answer 9

A California trade association representing REALTORS statewide.

Question 10

Unemployment Rate

Answer 10

The percentage of the people classified as unemployed as compared to the total labor force.