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Chapter 6 Vocabulary

Across
The total income generated in an economy by the production of final goods and services during a particular period
A flow variable that measures the value of goods and services purchased by households during a period of time
A sustained period in which real GDP is rising
Purchases of foreign produced goods and services by a country's residents during a period
The amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms
Exports minus imports
Negative net exports
A variable that is independent of time
Down
The sum of purchases of goods and services from firms by government agencies plus the total value of output produced by government agencies themselves during a time period
A variable that is measured over a specific period of time
Sales of a country's goods and services to buyers in the rest of the world during a particular time period
Payments that do not require the recipient to produce a good or service in order to receive them
The total value of final goods and services produced during a particular period with factors of production owned by the residents of a particular country
The total value of all final goods and services produced during a particular year or period adjusted to eliminate the effects of changes in price
Positive net exports