the difference between the value of the output and the value of the intermediate goods used in
Question:
the difference between the value of the output and the value of the intermediate goods used in the production of that output Match each term with its correct definition by placing the appropriate letter next to the corresponding number.
A. national income O. disposable accounting personal income B. gross domestic P. nominal GDP product (GDP) Q. real GDP C. intermediate goods R. price index D. value added S. base year E. inventory T. GDP price index F. capital consumption U. consumer price allowance index G. depreciation V. cost of living H. indirect business adjustment taxes W. producer price index I. gross national X. foreign exchange product (GNP) Y. foreign exchange J. net national market product (NNP) Z. balance of payments K. gross investment AA. current account L. net investment BB. balance of trade M. national income CC. financial account N. personal income
Step by Step Answer: