Term
| Gross Domestic Product (GDP) |
|
Definition
| the total market value of all final goods and services produced in an economy in a one-year period |
|
|
Term
|
Definition
| spending by households on goods and services |
|
|
Term
|
Definition
| spending for the purpose of additional production |
|
|
Term
|
Definition
| goods and services the government buys |
|
|
Term
|
Definition
| spending on goods and services produced in the United States that foreigners buy (exports) minus goods and services abroad that U.S. citizens buy (imports) |
|
|
Term
|
Definition
| a balance sheet of an economy's stock of assets and liabilities |
|
|
Term
|
Definition
| the value of the productive capacity of the assets of an economy measured by the goods and services it can produce now and in the future |
|
|
Term
|
Definition
| value of assets measured at their current market prices |
|
|
Term
|
Definition
| a rise in the price of assets unrelated to increases in their productive capacity |
|
|
Term
|
Definition
| goods and services purchased for their final use |
|
|
Term
|
Definition
| products used as input in the production of some other product |
|
|
Term
|
Definition
| the increase in value that a firm contributes to a product or service |
|
|
Term
|
Definition
| the decrease in an asset's value |
|
|
