| A | B |
|---|
| GDP | Gross Domestic Product |
| domestic | Having to do with things right in the US. |
| national | Covering the whole country |
| intermediate products | Things that are used as part of something else. |
| Intermediate Product example | Flour in bread Tires on new cars |
| Second Hand Sales | Used goods of any kind (cars,bikes) |
| Non-market Transactions | Things people do for themselves |
| Undergroud Economy | Illegal business you can't check up on. |
| exclusion | To leave something out or not include. |
| Quality of Life | Important things you can't put a price on. |
| GNP | Gross National Product |
| NNP | Net National Product |
| Consumer Sector | Part of the economy including buyers (you & me) |
| Investment Sector | Part of the economy including businesses |
| Government Sector | The government part of the economy. |
| Foreign Sector | Part of economy including business with other countries |
