These accumulate over time and are measures at a particular point
Stocks
1 of 8
This is continuous and can be measures only per period of time
Flow
2 of 8
This is the flow of actual goods and services produced within an economy in a particular time period, before making deduction of capital goods which produce the flow of new goods and services
Real GDP
3 of 8
This the same flow measured at the average price level for the period in question
Nominal GDP
4 of 8
Output per unit of capital
Capital Productivity
5 of 8
Output per worker
Labour Productivity
6 of 8
The average rate of economic growth over the period of at least one complete economic cycle
Trend Growth
7 of 8
The level of output produced when the economy grows at its trend growth rate.
Trend Output
8 of 8
Other cards in this set
Card 2
Front
This is continuous and can be measures only per period of time
Back
Flow
Card 3
Front
This is the flow of actual goods and services produced within an economy in a particular time period, before making deduction of capital goods which produce the flow of new goods and services
Back
Card 4
Front
This the same flow measured at the average price level for the period in question
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