GDP Flashcards
1
Q
C
A
Consumer spending on final goods and services
2
Q
I
A
Gross private domestic investment, which includes business investment in capital goods
3
Q
G
A
Government spending on final goods for both current goods and investment in capital goods
4
Q
X
A
Exports
5
Q
M
A
Imports
6
Q
C + I + G + ?
A
? = (X - M)
7
Q
(X - M) + (I + Gi) + ?
A
? = (C + Gc)
8
Q
GDP measures
A
The outflow and inflow of capital within an economy
9
Q
Nominal GDP
A
Is measuring goods at a current price
10
Q
Real GDP
A
Is measuring the price of goods at the base price
