"C" You Later
This is spending by households on current year final consumer goods and services.
What is Consumption?
This spending is a key component of GDP and represents the money an economy allocates towards future growth by funding things like business expansions, new machinery, and infrastructure development.
What is Investment?
This is spending by all levels of the state authority on new capital goods, services, and infrastructure.
What is Government Spending?
These are goods or services produced in our country and sold to another country.
What are Exports?
This person funded Columbus' 1492 voyage.
Who is Queen Isabella of Spain?
These are items that consumers spend money on that are not included in GDP (i.e. "leakages").
What are imports, savings, and taxes?
This is defined as spending by firms on new physical capital, intellectual property, and new inventories, plus spending by households on new construction of homes.
What is Net Investment?
Examples of these include education, healthcare, national defense, and other services provided by the government.
What are Public services?
Exports have this relationship with exchange rates.
What is inversely sensitive to exchange rates?
Christopher Columbus's intended destination on his 1492 voyage.
What is India?
This describes the type of spending on goods and services that are not essential for survival or basic needs.
What is Discretionary Consumption?
This is the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
What is depreciation?
Examples of these are roads, bridges, public buildings, and other public works projects.
What is Infrastructure?
This term defines the current year spending by households, firms, and government on foreign produced goods (both final and Intermediate) and services.
What are Imports?
She was CC's flagship.
What is the Santa Maria?
This type of spending occurs when people purchase necessities like food, shelter, and basic utilities - it is considered independent of changes in disposable income.
What is Autonomous Consumption?
When you combine the $200 Question with spending by firms to offset wear on capital, you get this term.
What is Gross Private Investment?
Examples of this include Social Security, Medicare, and unemployment benefits.
What are transfer payments?
Imports have this relationship with exchange rates.
What is directly sensitive to exchange rates?
This is the number of trips CC took to the new world.
What is 4?
This type of spending is directly sensitive to changes in disposable income, consumer confidence, and wealth (and inversely sensitive to interest rates).
What is Discretionary Consumption?
This type of spending is directly sensitive to business and consumer confidence and inversely sensitive to interest rates.
What is Gross Private Investment?
These items are excluded from Government Purchases when calculating GDP.
What are transfer payments and interest payments on debt?
When a country imports more than it exports, it has this.
What is a trade deficit?
These are the countries that turned down his requests for funding.
What are Portugal, England, and France.