Term
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Definition
| the total market value of all goods and services provided in a country's economy in a year by both residents and nonresidents of that country |
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Term
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Definition
| a measure similar to gdp, but not including income earned by foreigners who own resources in that nation |
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Term
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Definition
| born between 1946 and 1964 |
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Term
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Definition
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Term
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Definition
| millenials, born from 1978 to 1994 |
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Term
| Metropolitan Statistical Area (MSA) |
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Definition
| an integrated economic and social unit with a large population nucleus |
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Term
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Definition
| income that is adjusted to take out the effects of inflation on purchasing power |
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Term
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Definition
| what is left of income after taxes |
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Term
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Definition
| what is left of disposable income after paying for necessities |
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Term
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Definition
| people whose children are grown and who are now able to spend their money in other ways |
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