Economic Activity

1. measures the value of current output valued at current prices
4. adds up all the income earned by the FOPs that produce all g/s within a country over a time period
5. spending by firms on capital goods and new construction
8. represents average growth over periods of time
10. total income received by the residents of a country
12. gdp less the value of environmental degradation
13. measures the value of current output valued at constant prices
16. money value in terms of prices that prevail at the time of measurement
17. adds up all the spending to buy final g/s produced within an economy
19. all purchases by households on final g/s in a year
21. capital gets worn out and loses value

1. value of all exports less value of all imports
2. fluctuations in the growth of real output, with periods of expansion and contraction
3. the level of output that can be produced when there is full employment
6. spending by gov't within a country on FOPs including capital goods
7. firm payments for use of FOPs
9. market value of all final g/s produced in a country over a time period
11. savings, taxes, imports
14. calculates the value of all final g/s produced in a country over a time period
15. an economy that has no other links with other countries
18. measure of a value that takes into account changes in prices over time
20. investment, government spending, exports