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Zar ch 2
Ch 2
6
Economics
Undergraduate 1
02/15/2011

Additional Economics Flashcards

 


 

Cards

Term
GDP-is supposed to be a measure
Definition
of total production
Term
Prices give a better measure of
Definition
production
Term
GDP is the total marketvalue of
Definition
final goods
Term
GDP- is measured in only the ____ period
Definition
current
Term
Market value-
Definition
total amount of quaties produced times the price per item
Term
GDP
Definition
as the market value ($) of all final goods and services produced within a country during a period of time.
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