Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

ECN 221 Ch 15

Measuring a Nation's Income

QuestionAnswer
microeconomics the study of how households and firms make decisions and how they interact in markets
macroeconomics the study of economy wide phenomena, including inflation, unemployment, and economic growth
gross domestic product (GDP) the market value of all final goods and services produced within a country in a given period of time
consumption spending by households on goods and services, with the exceptionnof purchases of new housing
investment spending on capital equipment, inventories, and structures, including household purchases of new housing
government purchases spending on goods and services by local, state, and federal governments
net exports spending on domestically produced goods by foreigners(exports) minus spending on foreign goods by domestic residents (imports)
nominal GDP the production of goods and services valued at current prices
real GDP the production of goods and services valued at constant prices
GDP deflator a measure of the price level calculated as the ration of normal GDP to real GDP times 100
Created by: 516311431