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A measure of the change in price over time of a specific group of goods and services used by the average household:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
Total dollar value of all final goods and services produced in a nation during a single year:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
These usually change at the same time as changes in overall business activity:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
The government affects business activity in two ways:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
Statistics that measure variables in the economy are called:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
A prolonged rise in the general price level of goods and services is called:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
To obtain this you must subtract the total value lost through depreciation on machines and equipment from a nation's total output (GDP):
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
The difference between what a nation sells to other countries and what it buys from other countries is its:
GDP
Coincident indicators
Policies on taxing and spending; control over the money supply
Net exports
Inflation
Net domestic product
Consumer price index
Economic indicators
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