Monday, December 7, 2015

Chapter 11 Measuring a Nations Economy

Gross National Product defined                                                                                                                                
GNP components or economic groups                                                                                                                                                        GNP how calculated                                                                                                                                  nominal GNP                            
real GNP                                                                                                                      
 per capita GNP                                                                                                      
 Final good                                                                                      
 Intermediate good             
Durable                                                                                         
Non durable                                                                                                                      
New Home sales?                                                                                                                 
Items not included in GDP                                                                                                                         deflator defined and calculated                                                                                                                Reasons why imports outnumber exports                     
Free Trade                                                                                                   
Protectionists                                                                                                            
National Industrial Policy