Chapter 3 - Measurement of Economic Performance

GDP

GDP

The calculation of the ________, or the Gross Domestic Product, incorporates three approaches.

value

The first approach refers to the term, ________ - added approach, as it is used to survey films and add all the contributions to the final goods and the services used.

disposable income

The term private savings refers to an equal amount of money to ________ that is subtracted from consumer spending and is considered ________ that is not spent on consumption by the household.

variable IM

The account of spending money on imported goods must be taken into consideration as it is denoted by the ________.

term stock

The ________ refers to having a share of ownership of a company that was held by a shareholder.

income households

The ________ that receive payments from the factor markets include profits that were distributed to company shareholders and the interest payments or any other associated bonds that might be in possession.

sum of consumer

This includes the ________ spending, investment spending, government purchases of goods, and purchases, and is subtracted by the imports.

term bond

The ________ refers to having a loan in the form of an IOU that collects interest.