2 the total market value of all final goods and

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Unformatted text preview: al goods and services produced annually in an economy is called ______. 2. The total market value of all final goods and services produced annually by the citizens of a country, no matter where in the world they reside, is called ______. 3. Counting a good more than once in computing GDP is called ______. 4. The household sector makes expenditures called ______. 5. The business sector makes expenditures called ______. 6. Real GDP is measured in ______ prices. 7. The ______ shows the quantity of goods and services that buyers are willing and able to buy at different price levels. 8. ______ and ______ go together to determine the equilibrium price level and the equilibrium quantity of goods and services in an economy. 9. ______ is GDP that has been adjusted for price changes. 10. ______ refers to expenditures made by the government sector. 11. Expenditures made by the people in foreign countries who are buying U.S.-produced goods are called ______. 12. The ______ is the percentage of the noninstitutional adult civilian population that is employed. Understanding the Main Ideas Write answer...
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This document was uploaded on 01/16/2014.

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