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NET PRIVATE DOMESTIC INVESTMENT: Expenditures on capital goods to be used for productive activities in the domestic economy that are undertaken by the business sector during a given time period, after deducting capital depreciation. More specifically net private domestic investment is found be subtracting the capital consumption adjustment from gross private domestic investment. It's primary function is to measure the net increase in the capital stock resulting from investment.

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AVERAGE VARIABLE COST CURVE: A curve that graphically represents the relation between average variable cost incurred by a firm in the short-run production of a good or service and the quantity produced. This curve is constructed to capture the relation between average variable cost and the level of output, holding other variables, like technology and resource prices, constant. The average variable cost curve is one the three average curves. The other two are average total cost curve and average fixed cost curve.

     See also | curve | average variable cost | short-run production | quantity | technology | resource prices | average total cost curve | marginal cost curve | average fixed cost curve | law of diminishing marginal returns | average-marginal rule | U-shaped cost curves |


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AVERAGE VARIABLE COST CURVE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2021. [Accessed: April 11, 2021].


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INDIRECT BUSINESS TAXES

The official entry in the National Income and Product Accounts maintained by the Bureau of Economic Analysis for sales taxes. Indirect business taxes are one key difference between national income (the resource cost of production) and gross (and net) domestic product (the market value of production). Indirect business taxes (IBT) is generally less than 10 percent of gross domestic product (7 to 8 percent is common).

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