Part 2. Matching: Match the Key terms in Column \"A\" with the denitions in Column \"B\" by writing the block letter of your choice from Column \"B" in the space provided under \"A\" and match the definitions in column \"B" with the meanings or examples or facts in column \"C\" by writing the lower letter case of your choice in the space provided under column "B". 15.National Income _16.Capital Consumption 17.Net Domestic Product _18.Personal Income _19.Disposable Income _20.Real GDP _21.Economic Growth _22.Business Cycle Column \"A" Column \"B\" _12.lmports _ L. The value of the entire output produced annually within a country's borders, adjusted for price changes. 13-EXP\"5 M. GDP minus the capital consumption allowance. N. Recurrent swings (up and down) in Real GDP. _14.Net Exports : 0. The portion of personal income that can be used for consumption or saving; equal to personal income minus personal taxes (especially income taxes). P. Total domestic (U.S.) spending on foreign goods. 0. Total foreign spending on domestic (U.S.) goods. R. Increases in Real GDP. 8. Total income earned by US. citizens and businesses, no matter where they reside or are located; the sum of the payments to resources (land, labor, capital, and entrepreneurship): National income = Compensation of employees + Proprietors' income + Corporate prots + Rental income of persons + Net interest. Allowance (Depreciation) T. The amount of income that individuals actually receive. It is equal to national income minus undistributed corporate prots, social insurance taxes, and corporate prots taxes, plus transfer payments. U. Exports minus imports. V. The estimated amount of capital goods used up in production through natural wear, obsolescence, and accidental destruction. m. Column \"C" Cyclical uctuations in the level of economic activities. Year-to-year Increase in the total quantity and quality of goods and services produced in a country. (Nominal GDP + Price Index) X 100. The net addition to the economy after accounting for the tear and wear of machinery and equipment used up in the process of generating the GDP for the year. The difference between the value of Exports to the rest of the world and Imports from the rest of the world. The value of goods and services purchased by a nation from the rest of the world The sum total of the incomes that individuals receive in a nation for their contributions of resources to the production process in the form of labor, capital, land and entrepreneurial abilities. Take home pay after paying income and payroll taxes available for spending or saving. The value of goods and services sold by a nation to the rest of the world. The sum total of all income by a nation accruing to factors of production, like labor, land, capital and entrepreneurship and businesses owned by a nation's citizens. The amount of money kept aside to replace exhausted capital goods such as machinery and equipment in the process of producing the GDP for the year. It is also known as \"Depreciation expense" in Accounting