Ch. 11 Vocab
About this set
Created by:
stripesndots on November 30, 2009
Subjects:
Classes:
Log in to favorite or report as inappropriate.
Order by
7 terms
Terms | Definitions |
|---|---|
 gross domestic product (GDP) | total market value of all final goods and services produced annually in a country |
| double counting | counting a good more than once in computing GDP |
| consumption | expenditures made by the household sector |
| investment | expenditures made by the business sector |
| government purchases | expenditures made by the government sector |
| export spending | amount spent by the residents of other countries for goods produced in the U.S. |
| import spending | amount spent by Americans for foreign-produced goods |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.