Econ Vocab #7

Front

Market value of all goods & services produced in a year.

Back

Gross Domestic Product

Front

Category of GDP tracking household spending on goods/services.

Back

Consumer Spending

Front

X-M

Back

Net Exports

Front

Category of GDP tracking government spending on goods and services.

Back

Government Spending

Front

Alternative to GDP focusing on economic well-being.

Back

Genuine Progress Indicator

Front

Category of GDP tracking purchases of new plants, equipment, buildings, etc.

Back

Business Investment

Front

Inflation from increased consumer demand.

Back

Demand-Pull Inflation

Front

Measure for inflation considering monthly prices of goods/services.

Back

Consumer Price Index

Front

Decrease in general price level of goods and services.

Back

Deflation

Front

Inflation from increased production costs.

Back

Cost-Push Inflation