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NONDURABLE GOODS, CONSUMPTION: Personal consumption expenditures on tangible goods that tend to last for less than a year. Common examples are food, clothing, and gasoline. This is one of three categories of personal consumption expenditures in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other two are durable goods and services. Nondurable goods are about 30% of personal consumption expenditures and 20% of gross domestic product.
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Lesson 18: Banking | Unit 2: Banking Details
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Page: 9 of 24
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A balance sheet is the record of a bank's assets and liabilities. Two parts: - Assets
- Liabilities and Net Worth
As a balance sheet, both parts are equal, they balance. Concepts: - Assets: What the bank owns.
- Liabilities: What the bank owes.
- Net worth: The difference between assets and liabilities.
The sum of liabilities and net worth must equals assets. - Banks don't make adjustments with real production.
- These financial entries in the balance sheet are the bank's production.
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EMPLOYED The condition in which a resource (especially labor) is actively engaged in a productive activity usually in exchange for an explicit factor payment (such as wage or salary). This general condition forms the conceptual basis for one of the three categories used by the Bureau of Labor Statistics (BLS) to classify an individual's labor force status. The specific BLS classification is employed persons. The other two BLS categories are unemployed persons and not in the labor force.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store seeking to buy either a printer that works with your stockpile of ink cartridges or income tax software. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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This isn't me! What am I?
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Two and a half gallons of oil are needed to produce one automobile tire.
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"The road to success is always under construction. " -- Lily Tomlin, Actress
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OLS
Ordinary Least Squares
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