goods that are produced in the capital

the factories, machinery, and technology used to produce goods and services

goods that are produced without natural resources

goods that are produced by the government

they shouldn't, it is too expensive

because capital goods cannot be sold to other countries

when countries invest in capital goods, they are providing better facilities, resources, and/or materials for the people who perform the labor, which creates a more productive workforce leading to greater economic growth (higher GDP).

because capital goods are less expensive than private goods

Consumer goods

Capital goods

Consumer goods

Capital goods

Consumer goods

Capital goods

Consumer goods

Capital goods

Consumer goods

Capital goods

Consumer goods

Capital goods

productive resources

goods & services produced

per person

weaker economies

GDP

The CBI

CPI

MPC

lower

greater

smaller

answers 1 and 3 are correct

The total value of all final goods and services a country imports.

The total value of all final goods and services a country exports.

The total value of all final goods and services produced within a country in one year.

The net loss in profits within a country due to imports.

It refers to increase in Gross Domestic Product (GDP)

It refers to the long and sustained rise in real Gross Domestic Product (GDP)

It is characterized by fall in unemployment rate

Rise in GDP on monetary term

Inflation

High unemployment

Balance of Payments

Economic Growth

Adding up the cost of goods used in producing the item

Subtracting all costs from total revenue

Adding consumption (consumer) + investment (business) + government spending + (exports sold - imports bought)

Consumer spending

Government spending

Investment spending

Net exports

Consumer spending

Government spending

Investment spending

Net exports

Yes

No

Yes

No

No

Yes

No

Yes

Yes

No

Yes

No

Same GDP per Capita

More resources, more growth

Fewer resources, less growth

More land per person

Increase labour productivity

Reduce government expenditure

Increase regulations

Increase unemployment

True

False

When there are 2 consecutive period of positive growth

When an economy's revenue exceeds its expenditure

When there are 2 consecutive periods of negative growth

When there are 2 consecutive periods of negative capital investment

The willingness and ability to purchase a product at a given price.

The total spending on services in a period of time at a given price level.

The total spending on goods and services in a period of time at a given price level.

The total demand for a product in an industry.