GDP Vocabulary

4. Goods and services produced in Canada, then brought to other countries in exchange for currency
6. Dollar value of all goods and services purchased by the various agencies of Canada.
7. The amount of goods and services ALL buyers in the economy are willing/able to buy at all the possible price levels
8. Dollar value of all goods and services purchased by business for the purpose of using in their business
11. Currency value of all final goods and services produced within a country’s borders divided by the population
12. Dollar value of all final goods and services produced within a country’s borders minus inflation

1. A general rise in the price level of an economy
2. Intangible concepts that seek to represent a country’s level of economic prosperity. Correlates with GDP growth
3. Dollar value of all goods and services purchased by households
5. The amount of goods and services ALL companies are willing to produce at ALL possible price levels
8. Goods and services produced in other countries, then brought to Canada in exchange for currency
9. Dollar value of all goods and services produced in Canada and shipped to other countries MINUS the value of the goods and services imported from other countries
10. Currency value of all final goods and services produced within a country’s borders