ECON 102 CHAPTER 7 QUIZ NOTES.docx - national accounts keeps track of the flow of money between different sectors of the economy consumer spending

ECON 102 CHAPTER 7 QUIZ NOTES.docx - national accounts...

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national accounts keeps track of the flow of money between different sectors of the economy consumer spending household spending on goods and services stock share in the ownership of a company held by a shareholder bond borrowing in the form of an IOU that pays interest government transfers payments by the government to individuals for which no good or service is provided in return disposable income equal to income plus government transfers minus taxes, is the total amount of household income available to spend on consumption and to save government borrowing total amount of funds borrowed by federal, state, and coal governments in the financial markets government purchases of goods and services total expenditures on goods and services by federal, state, and local governments exports goods and services sold to other countries imports goods and services purchased from other countries
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inventories stocks of goods and raw materials held to facilitate business operations investment spending
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  • Spring '10
  • NUMRICH

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