in the blank using the number that corresponds to the correct word or phrase in the word bank below 1. net exports 2. investment 3. capital 4. government purchases 5. gross private domestic investment 6. government spending 7. trade surplus 8. government spending 9. final 10. GNP 11. boarders 12. GDP 13. owned 14. 70% 15. households 16. transfer payments 17. negative net exports 18. final 19. values added Personal consumption is a flow variable that measures the value of goods and services purchased by during a time period. The production of consumer goods and services accounts for about of total output. is the value of all goods produced during a period for use in the production of other goods and services. includes all the goods that have been produced for use in producing other goods. in economics refers to activities that increase the economy's stock of capital. are the sum of purchases of goods and services from firms by government agencies plus the total value of output produced by government agencies themselves during a time period, Government purchases are not the same thing as Much
in the blank using the number that corresponds to the correct word or phrase in the word bank below 1. net exports 2. investment 3. capital 4. government purchases 5. gross private domestic investment 6. government spending 7. trade surplus 8. government spending 9. final 10. GNP 11. boarders 12. GDP 13. owned 14. 70% 15. households 16. transfer payments 17. negative net exports 18. final 19. values added Personal consumption is a flow variable that measures the value of goods and services purchased by during a time period. The production of consumer goods and services accounts for about of total output. is the value of all goods produced during a period for use in the production of other goods and services. includes all the goods that have been produced for use in producing other goods. in economics refers to activities that increase the economy's stock of capital. are the sum of purchases of goods and services from firms by government agencies plus the total value of output produced by government agencies themselves during a time period, Government purchases are not the same thing as Much
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.3P
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