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Economics Chapter 15 Test Review

AB
price indexused to consider inflation in the GNP
durable goodsgoods that can be used over and over again over a long time
nondurable goodsgoods that last only a short time
consumer goodsitems made for final consumption
capitalgoods produced that can be used to further production
leakageswhen money is lost from the economy
injectionsmoney put back into the flow of the
disposable incomemoney left for consumption after taxes
inflationaverage level of prices going up over time
gross national productGNP
equilibriumwhen injections and leakages are equal
10%experts say you should save ____ of your income
housingthe largest percentage of most peoples personal income goes to


Intervention
Delphos Jefferson
OH

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