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Week 40: Gross Domestic Product Flashcards

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9464006949economythrifty and efficient use of material resources, capital and services0
9464024038exporta product or products that are sent abroad for sale or trade.1
9464027615goodsthings that are made or grown and then sold.2
9464030471gross domestic productthe total value of things that a country produces in one year.3
9464034033importsomething that is bought and brought in from another country.4
9464040620inflationan increase in the average price level.5
9464043689netavailable after you take away taxes and other payments.6
9464046045per capitafor each unit of population; per person.7
9464048777productivemaking or delivering easily or in large amounts.8
9464051842servicethe work of a person who does things for other people.9
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