Econ: Unit 6 Matching
| sale of used goods |
| double counting |
| C in GDP |
| consumer spending |
| GDP definition |
| a sum of all goods and services produced within the U.S. during 1 fiscal year |
| gdp equation for? |
| injection |
| omissions: examples |
| products on black market, anything produced outside the U.S., intermediate goods, sale of used goods, transfer payments |
| GDP stand for? |
| Gross Domestic Product |
| expansionary pro |
| reduces unemployment |
| leakages<injections= |
| inflation |
| external debt |
| government debt owed to foreign governments or individuals |
| 24% of government spending is on.... |
| medicare and medicaid |
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