Capital good: a long lived good that is used in the production of other goods and goods/services such as food, clothing, and entertainment. Consumption expenditure (or consumption): spending by households on end products of the production process, they are counted as part of gdp. Final goods/services: goods/services consumed by the ultimate user; b/c they are the goods/services and therefore not counted as part of gdp. Intermediate goods/services: goods/services used up in the production of final. Investment: spending by firms on final goods/services, primarily capital goods. Market value: the selling prices of goods and services in the open market. Net exports: exports minus imports. year prices; nominal gdp measures the current dollar value of production. Nominal gdp: a measure of gdp in which the quantities produced are valued at current base year rather than at current prices; gdp measures the actual physical volume of production.