The sale of __________ goods is omitted from current GDP because __________.

An example of income received but not earned is

Net domestic product is the total value of

The expenditure approach to computing GDP measures 

Suppose that consumption spending is $3,200 billion, spending on durable goods is $800 billion, and spending on services is $1,800 billion.  What does spending on nondurable goods equal?

Consumption expenditures in the U.S. usually account for approximately __________ percent of GDP.

Table 7-3 Durable goods $3,000 Services   6,000 Business purchases of capital goods     400 Fixed investment     850 Exports     600 Imports     800 Nondurable goods     700 Inventory investment     200 Government transfer payments     100 Purchases of new residential housing     450 Government purchases     900 ​ ​Refer to Table 7-3. Net exports is equal to

Net domestic product equals gross domestic product minus the capital consumption allowance.

Increases in import spending _____________________, ceteris paribus.

Gross Domestic Product is computed by using