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UNEMPLOYMENT REASONS: People can be unemployed for a variety of reasons. The Bureau of Labor Statistics (BLS) notes five prime reasons for being unemployed: (1) job losers, (2) job leavers, (3) those who have completed temporary jobs, (4) re-entrants, and (5) new entrants.
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Lesson 10: Gross Domestic Product | Unit 4: Measuring Income
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Page: 19 of 25
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Personal income (PI) is the second income measure.- Personal Income is income RECEIVED by households.
- Compare this with national income which is income earned by the factors of production.
These two income measures are similar, but not exactly the same.- Some income earned by the factors of production is not received by the household sector. Let's call it IEBNR.
- Some income received by the household sector is not earned by a factor of production. Let's call it IRBNE.
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BANK BALANCE SHEET A record of the assets, liabilities, and net worth of a bank at a given point in time. Assets are what a bank owns. Liabilities are what a bank owes. Net worth is the difference between the two and what is claimed by or owed to the owners of the bank. By definition, a balance sheet must balance. The assets on one side are equal to the liabilities and net worth on the other.
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Much of the $15 million used by the United States to finance the Louisiana Purchase from France was borrowed from European banks.
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"Democracy is based on the conviction that man has the moral and intellectual capacity . . . to govern himself with reason and justice. " -- Harry Truman, 33rd U.S. president
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NAG
Net Annual Gain
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