A measure of GDP which takes into account of the environmental costs of production such as pollution and resource depletion.
1 of 11
Gross Domestic Product (GDP)
A measure of the output or value added of an economy which does not include output or income from investments abroad or an allowance for the depreciation of the nation's capital stock.
2 of 11
Gross National Income (GNI)
The value of the goods and services provided by a country over a period of time (GDP) plus net overseas interest payments and dividends (factor incomes).
3 of 11
Gross National Product (GNP)
The market value of goods and servies produced over a period of time through the labour or property supplied by citizens of a country both domestically (GDP) and overseas.
4 of 11
Hidden, Black or Informal Economy
Economic activity where trade and exchange take place but which goes unreported to the tax authorities and those collecting national income statistics.
5 of 11
Net National Income
A measure of national income which includes both net income from investments abroad and an allowance for deprecation of the nation's capital stock.
6 of 11
Per Person or Per Head or Per Capita
Per individual in a population.
7 of 11
Purchasing Power Parties
An exchnge rate of one currency for another which compares how much a typical basket of goods in one country costs compared to that of another country.
8 of 11
Standard of Living
How well off is an individual, household or economy, measured by a complex mix of variables such as income, health, the environment, partisipation in society and political freedoms.
9 of 11
Transfer Payments
Income for which there in no corresponding output, such as unemployment benefits of pension payments.
10 of 11
Value and Volume of National Income
The value of national income is its nometary value at the prices of the day; the volume is national income adjusted for inflation and is expressed either as an index number or in monetary turms at the prices in a selected base year.
11 of 11
Other cards in this set
Card 2
Front
A measure of the output or value added of an economy which does not include output or income from investments abroad or an allowance for the depreciation of the nation's capital stock.
Back
Gross Domestic Product (GDP)
Card 3
Front
The value of the goods and services provided by a country over a period of time (GDP) plus net overseas interest payments and dividends (factor incomes).
Back
Card 4
Front
The market value of goods and servies produced over a period of time through the labour or property supplied by citizens of a country both domestically (GDP) and overseas.
Back
Card 5
Front
Economic activity where trade and exchange take place but which goes unreported to the tax authorities and those collecting national income statistics.
Comments
No comments have yet been made