Class Notes (859,693)
CA (520,849)
Langara (1,809)
ECON (37)
ECON 2210 (30)
M.Yu (30)

Chapter 20 Vocabulary.docx

3 Pages

Course Code
ECON 2210

This preview shows page 1. Sign up to view the full 3 pages of the document.
Chapter 20 Vocabulary intermediate goods – all outputs that are used as inputs by other producers in a further stage of production final goods – goods that are not used as inputs by other firms but are produced to be sold for consumption - investment, government, or exports during the period under consideration value added – the value of a firm’s output minus the value of the inputs that it purchases from other firms gross domestic product (GDP) – the total value of goods and services produced in the economy during a given time period consumption expenditure ( C ) – household expenditure on all goods and services investment expenditure (I) – expenditure on the production of goods not for present consumption inventories – stocks of raw materials, goods in process, and finished goods held by firms to mitigate the effect of short term fluctuations in productions or sales capital stock – the aggregate quantity of capital goods fixed investment – the creation of new plant and equipment depreci
More Less
Unlock Document
Subscribers Only

Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
Subscribers Only
You're Reading a Preview

Unlock to view full version

Unlock Document
Subscribers Only

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.