Economics

3. personal income minus taxes
6. the gross national product minus depreciation of capital stock-- in other words, the value of final goods and services less the value of capital goods that became worn out during the year.
7. the market value of all final goods and services produced by a country in a given period of time.
11. a way of analyzing a country’s economy using statistical measures of its income, spending, and output.
12. the series of growing and shrinking periods of economic activity, measured by increases and decreases in real gross domestic product.
13. the gross domestic product stated in terms of the current value but are performed without charge.

1. services that have potential economic value but are performed without charge.
2. a market value of all final goods and services produced by a country in a given period of time
4. an increase in a nation’s real gross domestic product
5. the annual income received by a country’s people from all sources.
8. the total income earned in a nation from the production of goods and services in a given time period.
9. the gross domestic product corrected for changes in prices from year to year.
10. a prolonged economic contraction lasting two or more quarters (six months or more)