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  Encyclopedia of Keywords > Society > Economics > Goods > Consumer Goods > Final Goods   Michael Charnine

Keywords and Sections
RAW MATERIAL
CONSUMER GOODS
YEAR
EXPENDITURE
DOLLAR VALUE
PRODUCTION
DOMESTICALLY
COUNTRY
SERVICES
GOVERNMENT SPENDING
GOODS
AGGREGATE DEMAND
GDP
VALUE
MARKET VALUE
FINAL GOODS
Review of Short Phrases and Links

    This Review contains major "Final Goods"- related terms, short phrases and links grouped together in the form of Encyclopedia article.

Definitions

  1. Final goods are goods that are ultimately consumed rather than used in the production of another good.
  2. Final goods are used up in the process of producing other goods.
  3. Only final goods are included when measuring national income.
  4. Final goods: Final goods are those goods, which are used either for final consumption or for capital formation.
  5. The value of final goods is included in the national income.

Raw Material

  1. Inventory management system – manages stock of raw material, work in process and final goods.

Consumer Goods

  1. Consumer goods are exactly the same as final goods, but with the subtle difference that they are specifically intended for the mass market.
  2. For instance, consumer goods do not include investment assets, like precious antiques, even though these antiques are final goods.

Year

  1. Specifically it is the sum of the money values of all final goods and services produced within the year.

Expenditure

  1. Consumption and investment in this equation are the expenditure on final goods and services.

Dollar Value

  1. The dollar value of final goods includes the dollar value of intermediate goods.

Production

  1. Other inputs may include intermediate goods used in production of final goods, such as the steel in a new car.

Domestically

  1. Gross National Product (GNP) is the total value of final goods and services produced in a year by domestically owned factors of production.

Country

  1. Value of all final goods and services produced within a country within a given time period, usually one year.
  2. Final Product Approach If represents the flow of production or value of all final goods over a one year with in the country.

Services

  1. ISBN 0176414827. "This is the sum of the demand for all final goods and services in the economy.
  2. Total market value of all final goods and services produced by an economy during a year.
  3. Note that C, G, and I are expenditures on final goods and services; expenditures on intermediate goods and services do not count.

Government Spending

  1. G (government spending) is the sum of government expenditures on final goods and services.

Goods

  1. Government demand for final goods is defined in terms of fixed shares of aggregate real government spending on goods and services.
  2. Ans: Goods may be either 1) intermediate goods and 2) final goods.

Aggregate Demand

  1. In economics, aggregate demand is the total demand for final goods and services in the economy (Y) at a given time and price level[1].

Gdp

  1. GDP is total spending on final goods and services produced within a nation during a specified period of time.
  2. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

Value

  1. Gross Domestic Product (GDP): The value of all final goods and services produced by an economy over a particular time period, normally a year.
  2. GDP This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year.
  3. Then, the value of the final product II = q2p2 If we add up the value of all final goods and services produced, we get National Income at Current Prices.

Market Value

  1. Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country during a given time period.
  2. V. Nominal Versus Real GDP A. Nominal GDP is the market value of all final goods and services produced in a year.
  3. It is the market value of all final goods and services made within the borders of a country in a year.

Final Goods

  1. II. Gross Domestic Product A. GDP is the monetary measure of the total market value of all final goods and services produced within a country in one year.
  2. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year).
  3. GDP is the total money value of the final goods and services produced in a country during a one-year period.

Categories

  1. Society > Economics > Goods > Consumer Goods
  2. Market Value
  3. Gdp
  4. Society > Economics > Macroeconomics > Gross Domestic Product
  5. Encyclopedia of Keywords > Society > Economics > Aggregate Demand
  6. Books about "Final Goods" in Amazon.com

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  Short phrases about "Final Goods"
  Originally created: April 04, 2011.
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