Terms in this set (10)
The GDP deflator is a ratio of______ prices
Current to fixed
Net Export is calculated as
New houses are included in the _______ component of the GDP.
Inflation rate is measured as percentage change in prices from one period to the ____ period
The GDP is not a perfect measure of standard of living because it does not take ____ of increasing production into account.
The government purchased do not include the
The GDP is the market value of goods and services produced by _______ of a country
the equation of GDP components is
For a good to be included in the GDP, it must be produced
Durable good is a good that can be used for
more than one period.
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