COMM101 Study Guide - Midterm Guide: Purchasing Power Parity, Economy 7, System 6
12 May 2015
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: everything outside an organization"s boundaries that might affect it: organizational boundary. : that which separates the organization from its environment: economic environment. : conditions of the economic system in which an organization operates: aggregate output. : total quantity of goods and services produced by an economic system during a given period: standard of living with the currency used in their economic system. : total quantity and quality of goods and services that a country"s citizens can purchase: business cycle. : pattern of short-term ups and downs (expansions and contractions) in an economy: gdp. : total value of all goods and services produced within a given period by a national economy through domestic factors of production: gnp. : total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located: gdp per capita, real gdp.
