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8 Cards in this Set
- Front
- Back
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know what gross national porduct is
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dollar value of all final goods.
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know what gross domeste product is
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dollan value of all final goods and services pordueed with in a country in 1 year
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durable goods
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last a long time ex- car - computer - tv
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non - durable goods
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coffee water
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undergroond economy
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black market- manjuana
nener recorded, mostly illegal |
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example of find good or service
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finsh cars, finsh house
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exaple of depreciatish
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lost of value in a product.
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know that all finshed products are calrulated into the GDP
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every thing that is made is claulated in the GDP.
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