Market Value and Goods in GDP

Flashcards covering key concepts related to market value, types of goods, and components of GDP.

Market value is expressed in __.

U.S. dollars.

In production, the sequence is Raw materials -> __ -> final products.

intermediate products.

An example of production is Rubber -> Tires -> __.

cars.

If a product is used by a final user, it is considered a __.

final product.

Domestic products refer to the location of __, not imported products.

production.

Items excluded in the calculation of GDP include products produced __.

overseas.

Existing houses are considered __ compared to newly built houses.

used products.

Daper Transactions involve the buying and selling of __.

financial instruments, such as stocks and bonds.

The stock market operates from to .

9:30 am to 4:00 pm.

An IPO stands for __.

initial public offering.

A bond is a certificate of __.

DEBT.

The order of DEBT types from highest to lowest risk is U.S Government > __ > Municipal.

Corporate.