Solve all questions compulsory..... Namell.D. Number:Chapter 7 Macroeconomic Measurements, Part I: GDP and Real GDP - Pre-Class & In-Class Activities PacketSection:Date:Part 2. Matching: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block letter of your choice from Column "B"in the space provided under "A" and match the definitions in column "B" with the meanings or examples or facts in column "C" by writing the lowerletter case of your choice in the space provided under column "B".Column "A"1.Gross Domestic Product2. Final Good3. Intermediate Good4. Double Counting5. Transfer Payment6. Consumption7. Investment8. Inventory Investment9. Fixed Investment10.Government PurchasesasColumn "B"A. Business purchases of capital goods, such a.machinery & factories, and purchases of newresidential housing.B. The total market value of all final goods and b.services produced annually within a country'sborders.сC. A payment to a person that is not made inreturn for goods and services currently supplied. d.D. The sum of all purchases of newly producedcapital goods, changes in business inventories, e.and purchases of new residential housing.E. Federal, state, & local government purchasesof goods & services & gross investment in fhighways, bridges, & so on.F. A good that is an input to the production of afinal good.G.A good in the hands of its final user.gH. Counting a good more than once when hcomputing GDP.L. The sum of spending on durable goods, Lnondurable goods, and services.J. Changes in the stock of unsold goods.Tips/Hints and Shortcuts for Chapter 7 Class Activities.Column "C"Examples of such payments include: UnemploymentCompensation, Social security Income, Cash assistance tothe needy.Examples of such investment include: building a warehouse,buying machinery and equipment..Data entry error by National Income Accountants as a resultof entering the value of the same product twice.Government spending on public goods and services, such ashighways, law enforcement and public education & so on.A component of investment used to name goods produced ina given year may be sold in a later year rather than in theyear they were produced.Finished product: ready to be used by a consumer, such asbread.One-way payment of money by individuals for which nomoney, good, or service is received in exchange,. Example;gift(s) or remittance(s) to a home county by (an) immigrantworker(s).The sum total spending by households on consumer goodsand services.The measurement of an output of an economy usually peryear. It is about $17 trillion for the U.S. in 2016.jGoods that are the output of one company to be used infurther production activities, such as; building materials, carande in amb plant and

Real gross domestic product (GDP) is a measure of an economy's output of all products and services…

Name/l.D. Number: Chapter 7 Macroeconomic Measurements, Part I: GDP and Real GDP- Pre-Class & In-Class Activities Packet Section: Date: Part 2. Matching: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block letter of your choice from Column "B" in the space provided under "A" and match the definitions in column "B" with the meanings or examples or facts in column "C" by writing the lower letter case of your choice in the space provided under column "B". Column "A" 1.Gross Domestic Product 2. Final Good 3. Intermediate Good 4. Double Counting 5. Transfer Payment 6. Consumption 7. Investment 8. Inventory Investment 9. Fixed Investment 10.Government Purchases Column "B" A. Business purchases of capital goods, such a. machinery & factories, and purchases of new residential housing. as B. The total market value of all final goods and b. services produced annually within a country's borders. 9 C. A payment to a person that is not made in return for goods and services currently supplied. d. D. The sum of all purchases of newly produced capital goods, changes in business inventories, e. and purchases of new residential housing. E. Federal, state, & local government purchases of goods & services & gross investment in f highways, bridges, & so on. F. A good that is an input to the production of a final good. G.A good in the hands of its final user. H. Counting a good more than once when computing GDP h 1. The sum of spending on durable goods, nondurable goods, and services L J. Changes in the stock of unsold goods. Column "C" Examples of such payments include: Unemployment Compensation, Social security Income, Cash assistance to the needy. Examples of such investment include: building a warehouse, buying machinery and equipment... Data entry error by National Income Accountants as a result of entering the value of the same product twice. Government spending on public goods and services, such as highways, law enforcement and public education & so on. A component of investment used to name goods produced in a given year may be sold in a later year rather than in the year they were produced. Finished product: ready to be used by a consumer, such as bread. One-way payment of money by individuals for which no money, good, or service is received in exchange,. Example; gift(s) or remittance(s) to a home county by (an) immigrant worker(s). The sum total spending by households on consumer goods and services. The measurement of an output of an economy usually per year. It is about $17 trillion for the U.S. in 2016. Goods that are the output of one company to be used in further production activities, such as; building materials, car