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| Term | Definition |
|---|---|
| GDP | The value of all goods and services produced within a country's borders per year. |
| GNP | Refers to the total value of goods and services produced by nationality, regardless of location. |
| Trade Deficit | When a nation imports more goods than it exports |
| Export | The sale of domestically created goods to foreign nations |
| Import | To purchase goods produced outside one's country, usually with the intent to resell. |
| Trade | The act of buying or selling. |
| GDP per capita. | Shows how much output is produced per member of the population. |
| GNP per capita. | Represents the value of a nationality's final output of goods and services in a year, divided by its population. |
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| Terms | 8 |
| Creator | marleybeacham |
| Created | May 28, 2009 |
| Groups | None |
| Subject | social studies final |
| Access | Anyone |
| Edit | Creator Only |
Social Studies Final suff
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