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GDP
GDP
GDP
GDP
GDP
100
Consumer Price index
What is an index that reports on price changes for about 90,000 goods and services.
100
10 years
What is the census is taken every______ years.
100
consumer sector
What is the largest sector of the macroeconomy?
100
the difference between the dollar value of goods sent abroad and goods prchased from abroad.
What is "F" in GDP stand for?
100
extended expansions alternating with brief recessions?
What is the business cycle since WWII has been characterized by?
200
reflects the total market value of all final goods and services produced in an economy in a given year.
What is GDP?
200
A good used only in the production of of other products?
What is an intermediate good?
200
A good directly consumed by individuals.
What is a final good?
200
Counting all goods and services would lead to double-counting many activities.
What is GDP calculates only final goods and services because?
200
Economic growth.
What is sustained increases in real GDP over time leads to:
300
70%
What is Consumption expenditure is what % if GDP?
300
consumption expenditure
What is clothing, t.v.'s and restaurants are examples of what sector of GDP?
300
durable goods
What are cars and refrigerators are an example of?
300
non durable goods
What is last for a short period of time?
300
durable goods, non durable goods, and services.
What is consumption expenditure consists of three things:
400
non durable good
What is food is an example of durable or non durable good?
400
service
What is a movie ticket is an example of non durable or service?
400
service
What is the fastest growing component of consumption expenditure?
400
residential, non residential investment, and inventories.
What is private investment expenditure consist of three parts. Name them.
400
What is the wear and tear of private investment?
depreciation
500
What is new military equipment and highway construction are examples of?
government expenditure
500
What is Social Security an example of?
transfer of payments.
500
What is Net export?
domestically that are sold abroad, les goods that are produced abroad that are sold domestically
500
What is exports________ and imports______ GDP
What is exports increase and imports decrease GDP.
500
Income of U.S. producing in foreign countries.
What is GDP does not include income of U.S. produced in U.S. or foreign country.