+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
National Income
|
Net national product less indirect business taxes
|
|
Gross Domestic product
|
Dollar value of all final goods. services and structure produced within a country's borders in a year
|
|
Gross national product
|
Dollar value of all final goods, services and structures produced in one year with labor and property supplied by a country's residents
|
|
Net national product
|
Calculated by subtracting depreciation from GNP
|
|
Output - expenditure model
|
Macroeconomic model describing aggregate demand by the consumer, investment, government, and forgin sector
|
|
Which of the following is included in GDP?
|
The value of a new house
|
|
Which of the following statements about GNP is true?
|
GNP measures the income of all Americans regardless of where production takes place.
|
|
The sector of the economy that includes proprietorship, partnership, and corporations is the?
|
Investment sector
|
|
Which is the most comprehensive measure of the nation's income?
|
GNP
|
|
Which of the following statements is true of real GDP?
|
It removes the distortion of inflation from GDP
|
