Economic

• gross domestic product
• final goods and services produced within the country

purchased for resale or for use in producing another good or service

goods and services purchased by heir ultimate user

• flow of private-sector expenditures on durable assets
• enhance our ability to provide consumer benefits in the future

amount of physical capital that is worn out or used up producing goods during a period

• changes in the stock of unsold goods
• raw materials held during a period

exports minus imports

goods and services produced domestically and sold to foreigner

goods and services produced by foreigners but buy by domestic consumers, business, or govt.

• taxes that increase business firm's cost
• price charge to consumers

• total income earned by country's nationale
• sum of employee compensation

• Gross National Product
• total market value of all final goods and services by he citizens of a country
• equals to GDP minus the net income of foreigners

income that foreigner earned within the borders of a country minus the income tha nationals of the country earn abroad.

value expressed in current dollars

values that have been adjusted for the effects of inflation

• increase in general level of prices of goods and services
• dollar declines

• GDP expressed at current prices
• money GDP