vocab quiz macroeconomics ch-5

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 Match the term in column one with the correct definition in column two.
(Points : 25)
 

 

 

Potential Matches:

1 : the estimated value of depreciation plus the value of accidental damage to capital stock

2 : personal income minus personal taxes

3 :  total investment, including investment expenditures required to replace capital goods consumed in current production

4 : the year against which other years are measured

5 :

gross investment minus capital consumption allowance

 

6 :

a measure of national output based on the current prices of goods and services

7 :

a measure of the quantity of goods and services produced, adjusted for price changes

8 : a reduction in the value of capital goods over time due to their use in production

9 : the market value of all final goods and services produced in a year within a country

10 :  gross domestic product plus receipts of factor income from the rest of the world minus payments of factor income to the rest of the world

11 :

net national product minus indirect business taxes

 

12 :   an increase in wages that is designed to match increases in prices of items purchased by the typical household

13 :

 gross national product minus capital consumption allowance

14 : a broad measure of the prices of goods and services included in the gross domestic product

15 : a measure of the average price of goods and services purchased by the typical household

    • 11 years ago
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