Economics (Fach) / gdp (Lektion)
In dieser Lektion befinden sich 7 Karteikarten
Measuring a nation's income
Diese Lektion wurde von matildaws erstellt.
Diese Lektion ist leider nicht zum lernen freigegeben.
- GDP, it measures 2 things at once: (1) the total income of everyone in the economy and (2) the total expenditure on the economy's output of goods and services. Those things are the same, for an economy as a whole income must equal expenditure.
- Consumption: Spending by households on goods and services with the exemption of purchases of new housing
- Investment: Spending on capital equipment, inventories and structures, including household purchases of new housing. Investment is the purchase of goods that will be used in the future to produce more goods and services.
- Real GDP: Real GDP is not affected by changes in prices, so it reflects only changes in the amounts being produced.
- Gross national product (GNP): total income earned by a nation's permanent residents ( called nationals). It differs from GDP by including income that UK citizens earn abroad and excluding income that foreigners earn in the UK.
- Disposable personal income: It equals personal income minus personal taxes and certain non-tax payments
- The GDP Deflator GDP deflator = (Nominal GDP : Real GDP) x 100 reflects the prices of goods and services