The value of all goods and services produced in a country in one year, before deduction for depreciation
Economics
A social science the studies the means and methods of the exchange and consumption of goods and services.
Demand deposit
A standard checking account where the depositor has the right to receive the whole of his deposit upon presenting the check.
Time deposit
An amount of money placed in a bank that does not have to be paid until a specified period of time and can not be transferred by a draft.
Balance of payments
A countries total foreign sales and borrowing compared with its total foreign purchases and lending.
Balance of trade
The difference between exports and earned foreign investment income compared with imports and foreign investment expenses due.
NNP
GNP minus depreciation
Inflationary Gap
The excess between consumer and investment spending at full employment and the amount which will sustain full employment whithout creating inflationary pressures.
