Please write two meaningful sentences that are related to each of the following terms. One can be a definition and the other an example or two of the terms relevance from the text. This discipline insures that you have improved comprehension and command of the material. (Remember to double space between terms for easier viewing).
Ch. 13
Gross Domestic Product
National income accounting
intermediate products
secondhand sales
Nonmarket transactions
Underground economy
Gross National Product (GNP)
Net national product (NNP)
National income (NI)
Personal income (PI)
Disposable personal income (DI)
Household
Unrelated individual
Family
Output-expenditure model
Net exports of goods and services
Inflation
Price index
Base year
Market basket
Consumer price index (CPI)
Producer price index
Current GDP
GDP in constant dollars
Census
Urban population
Rural population
Center of population
Demographers
Fertility rate
Life expectancy
Net immigration
Baby boom
Population pyramid
Growth triangle
Standard of living
Tax base
Capital to labor ratio
Labor productivity