AB204_07_Young_Charlene_6

AB204_07_Young_Charlene_6 - Name Charlene Young Course...

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Name: Charlene Young Unit: 6 Date: 12 April 2011
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Personal consumption (C): This measure is simply defined as the value of final goods and services that are purchased by persons. Goods: a product that can be used to satisfy some desire or need. Durable Goods: Treated as gross fixed investment, as are purchases of new residential housing. Nondurable Goods: Nondurable goods and services are generally consumed fully within a year. Services: the intangible equivalent of an economic good Gross private domestic investment (I): consists of the sum of gross private fixed investment and change in private inventories. Fixed investment: investment in fixed capital, i.e. tangible capital goods (real means of production or residential buildings) Nonresidential: not suitable or allocated for residence nonresidential areas Structures: a fundamental, if intangible, notion referring to the recognition, observation, nature, and stability of patterns and relationships of entities
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AB204_07_Young_Charlene_6 - Name Charlene Young Course...

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