Chapter 13

5. total amount of income going to the consumer sector before individual income taxes are paid
8. table showing the rates of growth of a statistical series between any two dates
10. rise in the general level of prices
13. 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
15. net national product less indirect business taxes; measure of a nation’s income
17. complete count of population, including place of residence
18. quality of life based on ownership of necessities and luxuries that make life easier

1. year serving as point of comparison for other years in a price index or statistical index
2. those persons not living in urban areas
3. sales of used goods; category of activity not included in GDP computation
4. economic activity not taking place in the market and, therefore, not included in GDP; services of homemakers, work around the home
6. those persons living in incorporated cities, towns, and villages with 2,500 or more inhabitants
7. dollar value of all final goods, services, and structures produced within a country’s national borders during a one-year period
9. growth rate of total output per unit of labor input; measure of productive efficiency
11. 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
12. statistical series used to measure changes in the price level over time
14. representative collection of goods and services used to compile a price index
16. and properties that are potentially subject to tax by local, state, or federal governments