Chapter 3 - Measurement of Economic Performance

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5 Terms

1

IOU

The term* bond* refers to having a loan in the form of a(n) ________ that collects interest.

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2

GDP

The calculation of the ________, or the Gross Domestic Product, incorporates three approaches.

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3

variable IM

The account of spending money on imported goods must be taken into consideration as it is denoted by the ________.

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4

income households

The ________ that receive payments from the factor markets include profits that were distributed to company shareholders and the interest payments or any other associated bonds that might be in possession.

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5

sum of consumer

This includes the ________ spending, investment spending, government purchases of goods, and purchases, and is subtracted by the imports.

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