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Zar ch 2
Ch 2
6
Economics
Undergraduate 1
02/15/2011
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Term
GDP-is supposed to be a measure
 Definition
of total production
Term
Prices give a better measure of
 Definition
production
Term
GDP is the total marketvalue of
 Definition
final goods
Term
GDP- is measured in only the ____ period
 Definition
current
Term
Market value-
 Definition
total amount of quaties produced times the price per item
Term
GDP
 Definition
as the market value ($) of all final goods and services produced within a country during a period of time.
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