1.
Fluctuations in economic activity, such as employment and production
2.
The expenditure by households on consumption goods and services
3.
Economic depreciation is a measure of the decrease in the market value of an asset over time from influential economic factors.
4.
Items that firms in the U.S. produce and sell to the rest of the world
5.
A good or service that is produced for its final user and not as a component of another good or service
6.
when governments buy goods and services from firms
7.
The market value of all the final goods and services produced within a country in a given time period
8.
goods and services purchased from other countries
9.
A good or service that is used as a component of a final good or service
10.
The purchase of new capital goods (tools, instruments
11.
exports minus imports (X-M)
12.
Taxes paid minus cash benefits received from governments
13.
the value of final goods and services produced in a given year when valued at the prices of that year.
14.
The value of real GDP when all the economy’s factors of production–labor, capital, land, and entrepreneurial ability–are fully expressed
15.
the value of final goods and services produced in a givenyear when valued at the prices of a reference base year.
16.
a period during which real GDP decreases
17.
amount of income that is not paid in net taxes or spent on consumption goods and services
