Lesson 25 Glossary

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  1. •gross domestic product (GDP)
  2. •expenditure approach
  3. •income approach
  4. •Consumption
  5. •Investment
  6. •imports
  7. •Exports
  8. •economic growth
  9. •standard of living
  10. •GDP per capita
  11. •nominal GDP
  12. •real GDP
  13. •underground economy
  14. •unemployment rate
  15. •labour force
  16. •full employment
  17. •GDP gap
  18. •potential GDP


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