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Mike Leven is the president and co-founder of US Franchise Systems, one of the nation's fastest growing hotel companies. Its franchises include Microtel Inn & Suites, Hawthorne Suites and Best Inns and Suites. Which of the following is a problem US Franchise Systems is likely to experience with one of its franchisees?
Real GDP
A macroeconomic measure of the value of economic output adjusted for price changes (inflation or deflation), giving a more accurate depiction of an economy's size and growth rate.
Recessions
Periods of economic decline when real GDP falls for two consecutive quarters, indicating a significant reduction in economic activity across the economy.
Inflation Rate
A rate, described in percentages, indicating how prices for various goods and services are climbing, which in turn decreases the value of money.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to deflate or adjust the nominal GDP to real GDP.
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