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September 19, 2018 

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HOUSING STARTS: The number of residential buildings (single-family and multi-family) construction units begun during a given time period (usually one month) based on the number of building permits issued. Housing starts are sensitive to interest rate changes and reflect the household sectors willingness to invest in new construction. It is a key indicator of business-cycle activity. More specifically, it is one of the 12 leading economic indicators tracked by the Bureau of Economic Analysis.

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Lesson 10: Gross Domestic Product | Unit 2: Looking Behind GDP Page: 10 of 25

Topic: Illegal Goods <=PAGE BACK | PAGE NEXT=>

Chunk D also is economic production that DOES involve market transactions. Lack of information about market transactions prevent these activities from being included in GDP
  • Chunk D includes illegal activities, such as gambling, drug sales, and prostitution.
  • Because they satisfy wants and needs they are economic production.
  • Because they are illegal activities 'official market transaction records are not available.

Chunk D is excluded from GDP.


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CLOSED ECONOMY

An economy that does not engage in international trade or other forms of interaction with other countries. That is, a closed economy neither exports goods and services to, nor imports goods and services from, other economies that make up its foreign sector. It is "closed" to the flow of goods and services into or out of the country. The alternative to a closed economy is an open economy, one that does engage in international trade.

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time at a flea market trying to buy either a 200-foot blue garden hose or a video camera with stop action features. Be on the lookout for letters from the Internal Revenue Service.
Your Complete Scope

This isn't me! What am I?

General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
"When you play, play hard; when you work, don't play at all. "

-- Theodore Roosevelt, 26th US president

M&O
Management and Organization
A PEDestrian's Guide
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