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Macroeconomic Performance

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Term
Definition
show part of economics that deals with the economy as a whole and uses aggregate measures of output, income, prices, and employment  
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show the dollar value of all final goods, services, and structures produced within a country’s national borders during a one-year period  
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Intermediate Products   show
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Secondhand Sales   show
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show economic activity not taking place in the market → not included in GDP  
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show unreported legal and illegal activities that do not show up in GDP stats  
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show yr serving as point of comparison for other yrs in price index or other statistical measure  
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Real GDP   show
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show gross domestic product measured in current prices, unadjusted for inflation  
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GDP Per Capita   show
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show total dollar value of all final goods, services, and structures produce din one yr with labor and property supplied by country’s residents, regardless of where production takes place  
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Net National Product (NNP)   show
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National Income (NI)   show
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show total amount of income to consumer sector before individual income taxes are paid  
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show person income less individual income taxes  
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show basic unit of consumer sector consisting of all persons who occupy house, apartment, or separate living quarters  
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show person living alone even though may have relatives living elsewhere  
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show two or more ppl living together, related by blood, marriage, or adoption  
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show macroeconomic model describing aggregate demand by consumer, investment, gov, and foreign sectors  
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Net Exports of Goods and Services   show
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Census   show
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show ppl living in cities, towns, and villages with 2,500 or more inhabitants  
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Rural Population   show
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Center of Population   show
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show highways, mass transit, communications, power, water, sewerage, and other public goods needed to support a population  
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Baby Boom   show
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Population Pyramid   show
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Dependency Ratio   show
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Demographer   show
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Fertility Rate   show
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Life Expentancy   show
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show net population change after accounting for those who enter and leave a country  
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Created by: Damma15724
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