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MTSS 3 Flashcards | StudBud

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MTSS 3

7 terms·StudBud Administration·96 plays

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Questions 7

Answers

1
What is real GDP
Production of goods
Demand for goods
Adjusted for Inflation
NOT Adjusted for Inflation
2
What is the defenition of Aggregated Supply
The total amount of goods and services produced in the nation
The number of services provided
Amount of products made within a nation
The total amount of goods demanded
3
What is Nominal GDP
NOT adjusted for inflation
American goods made abroad
Adjusted for Inflation
Amount of goods produced in America
4
What is the defenition of GDP
Growing Developed Products
Growing Demanded Product
Gross Domestic Product
Gross Defined Product
5
What is the Defenition of Aggregated Demand
The total amount of goods and services demanded in a nation
The number of demands made in the nation
All goods and services within a nation
The demand for valuable products in the nation
6
What does GDP include
Goods and Services
Intermediate Goods
Non Production Transactions
Non Market Transactions
7
What is the Formula for GDP
C+T+X+Gn
P+T+Xn+G
C+I+G+Xn
X+T+Z+L+n