Use the words in the box to complete the sentences below.

negative	expenditures approach	non-durable
intermediate	income	durable
consumption	economic growth	rises
normative	national income	positive
underground economy	deflation	inflation
income taxes	exports	death rate

1.The selling of illegal drugs is included in the ____________________ _________________.

2.The percentage increase in national output over a year is referred to as _________________ _________________________.

3.When using the _____________________ ___________________ of calculating national income spending on domestically produced consumer durables will be included.

4.The term ____________________can be best defined as the expenditure on goods and services that yield utility.

5.___________________________ is the sum total of all goods produced by a country in a time period, usually one year.

6.When calculating the national income figures, _____________________goods are not counted in order to avoid double counting.

7.A fifty five inch smart television set is an example of a ____________________ consumer good.

8.____________________________is a general decrease in the price level.

9.____________________________economic statements are value statements while

10. ____________________________economic statements are based on facts.

Question 1

(a) What are the origins of the Keynesian theory? In your response, identify the proponent and the issue it sought to explain.