Modules 10 - 12

See national income and product accounts.

Payments that the government makes to individuals without expecting a good or service in return.

Income plus government transfers minus taxes; the total amount of household income available to spend on consumption and to save.

Household spending on goods and services.

Keep track of the flows of money among different sectors of the economy; in the United States, calculated by the Bureau of Economic Analysis; also known as national accounts.

A person or group of people who share income.

Where goods and services are bought and sold.

Disposable income minus consumer spending; disposable income that is not spent on consumption but rather often goes into financial markets.

The markets (banking, stock, and bond) that channel private savings and foreign lending into investment spending, government borrowing, and foreign borrowing.

The amount of funds borrowed by the government in the financial markets.