(x-h)^2+(y-k)^2=r^2, which is a circle with radius r and center (h,k)
Since h = 0, k = 0 and r = 1, the center of x^2 + y^2 = 1 is (0,0) and it has a radius of 1 unit. This is a special circle known as the unit circle (which you'll use a lot in trigonometry).