A | B |
price index | used to consider inflation in the GNP |
durable goods | goods that can be used over and over again over a long time |
nondurable goods | goods that last only a short time |
consumer goods | items made for final consumption |
capital | goods produced that can be used to further production |
leakages | when money is lost from the economy |
injections | money put back into the flow of the |
disposable income | money left for consumption after taxes |
inflation | average level of prices going up over time |
gross national product | GNP |
equilibrium | when injections and leakages are equal |
10% | experts say you should save ____ of your income |
housing | the largest percentage of most peoples personal income goes to |