Other indicators
Noun - people without jobs
unemployment
Another name for companies
firms
Three kinds of leakage
imports, taxes, saving
What C stands for
consumption
Noun - another name for happiness (begins with ’s’)
satisfaction
Another word for production (‘o’)
output
Three kinds of injection
government goods, investment, exports
What Xn stands for
How long people live
life expectancy
Income (‘r’)
revenue
How are leakages and injections connected
Leakages give money for injections.
What is the full formula for expenditure GDP
GDP = C + I + G + Xn
A job that gives you enough money to pay for all expenses
living wage
Name the three sectors
government, banking, foreign
How do banks contribute to GDP
savings take money out; investment returns to production
underground market; used goods
This is used to measure total output by the nation’s companies (in and out of the country)
Gross national product
Name the two markets
resource and product
Difference between leakage and injection
Leakage takes money out, injection returns money to cycle
What kind of investments are not included in GDP?
purely financial ones