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Mod. 10 Vocabulary AP Macro

Mod. 10 Vocabulary AP Macro

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Jocelyn Alonzo

FREE Resource

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26 questions

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1.

FLASHCARD QUESTION

Front

National income and product accounts

Back

Keep track of the flows of money among different sectors of the economy; in the United States, calculated by the Bureau of Economic Analysis; also known as national accounts.

2.

FLASHCARD QUESTION

Front

Household

Back

A person or group of people who share income.

3.

FLASHCARD QUESTION

Front

Factor markets

Back

Where resources, especially capital and labor, are bought and sold.

4.

FLASHCARD QUESTION

Front

Government transfers

Back

Payments that the government makes to individuals without expecting a good or service in return.

5.

FLASHCARD QUESTION

Front

Disposable income

Back

Income plus government transfers minus taxes; the total amount of household income available to spend on consumption and to save.

6.

FLASHCARD QUESTION

Front

Consumer spending

Back

Household spending on goods and services.

7.

FLASHCARD QUESTION

Front

Product markets

Back

Where goods and services are bought and sold.

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