Types of Unemployment & GDP

What measures the total market value of all final Goods/Services produced in a country in a year?

• Gross Domestic Product (GDP)

• Inflation

• Unemployment

• Capitalism

What are goods & services used to make final products called?

• Private Goods

• Intermediate Goods

• Public Goods

• Used Goods

Intermediate Goods are _______ in GDP.

• Included

• Excluded

What are goods that are older and resold called?

• Public Goods

• Used Goods

• Intermediate Goods

• Financial Transactions

Used Goods are ______ in GDP.

• Included

• Excluded

These are services you do for yourself and no money is exchanged. Example: You mow your own lawn.

• Financial Transactions

• Used Goods

• Nonmarket Transactions

• Public Services

Nonmarket transactions are ________ in GDP.

• Included

• Excluded

Purchasing stocks, bonds, mutal funds, or other financial assests are called ________.

• Financial Transactions

• Used Goods

• Transfer Payments

• Consumption

Government payments such as  Social Security, unemployment or  welfare benefits.

• Financial Transactions

• Used Goods

• Intermediate Goods

• Transfer Payments

Transfer Payments are _______ in GDP.

• Included

• Excluded