Chapter 3 - Measurement of Economic Performance

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8 Terms

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GDP
The calculation of the ________, or the Gross Domestic Product, incorporates three approaches.
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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.
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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.
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variable IM
The account of spending money on imported goods must be taken into consideration as it is denoted by the ________.
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term stock
The ________ refers to having a share of ownership of a company that was held by a shareholder.
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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.
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sum of consumer
This includes the ________ spending, investment spending, government purchases of goods, and purchases, and is subtracted by the imports.
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term bond
The ________ refers to having a loan in the form of an IOU that collects interest.