Modules 10 - 12

See national income and product accounts.

• Consumer spending

• National accounts

• Government incomes

• Transferrable accounts

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

• Products markets

• Disposable incomes

• Government transfers

• Consumer spending

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

• National accounts

• Disposable income

• Consumer spending

• Government transfers

Household spending on goods and services.

• National income

• Government transfers

• Consumer spending

• Supply price

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.

• Private savings

• Product markets

• Consumer spending

• national income and product accounts

A person or group of people who share income.

• Private savings

• Product markets

• Household

• Financial markets

Where goods and services are bought and sold.

• Consumer spending

• Product markets

• Private savings

• Financial markets

Disposable income minus consumer spending; disposable income that is not spent on consumption but rather often goes into financial markets.

• Product markets

• Private savings

• Financial markets

• Investment spending

The markets (banking, stock, and bond) that channel private savings and foreign lending into investment spending, government borrowing, and foreign borrowing.

• Investment spending

• Financial markets

• Private savings

• Product markets

The amount of funds borrowed by the government in the financial markets.

• Investment spending

• GDP

• Government borrowing

• Financial spending