Ch. 13

3. quality of life based on ownership of necessities and luxuries that make life easier
8. growth rate of total output per unit of labor input; measure of productive efficiency
12. sales of used goods; category of activity not included in GDP computation
14. those persons living in incorporated cities, towns, and villages with 2,500 or more inhabitants
16. incomes and properties that are potentially subject to tax by local, state, or federal governments
17. representative collection of goods and services used to compile a price index

1. statistical series used to measure changes in the price level over time
2. net national product less indirect business taxes; measure of a nation's income
4. table showing the rates of growth statistical series between any two dates
5. total dollar value of all final goods, services, and structures produced in one year with labor and property supplied by a country's residents, regardless of where the production takes place; largest measure of a nation's income
6. economic activity not taking place in the market and, therefore, not included in GDP; services of homemakers, work around the home
7. dollar value of all final goods, services, and structures produced within a country's national borders during a one-year period
9. total amount of income going to the consumer sector before individual income taxes are paid
10. products directly excluded from GDP because they are components of other final products included in GDP; new tires and radios for use on new cars
11. rise in the general level of prices
13. complete count of population, including place of residence
15. those persons not living in urban areas
18. year serving as point of comparison for other years in a price index or other statistical measure