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  2. Gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Gross_Domestic_Product

    The third way to estimate GDP is to calculate the sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices. [7] Market goods that are produced are purchased by someone.

  3. Measures of national income and output - Wikipedia

    en.wikipedia.org/wiki/Measures_of_national...

    Arriving at a figure for the total production of goods and services in a large region like a country entails a large amount of data-collection and calculation. Although some attempts were made to estimate national incomes as long ago as the 17th century, [ 2 ] the systematic keeping of national accounts , of which these figures are a part, only ...

  4. Consumer spending - Wikipedia

    en.wikipedia.org/wiki/Consumer_spending

    Consumers can buy a large range of goods and services at shopping malls. Consumer spending is the total money spent on final goods and services by individuals and households. [1] There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not).

  5. Consumption (economics) - Wikipedia

    en.wikipedia.org/wiki/Consumption_(economics)

    The opportunity cost of time affects the cost of home-produced substitutes and therefore demand for commercial goods and services. [9] [10] The elasticity of demand for consumption goods is also a function of who performs chores in households and how their spouses compensate them for opportunity costs of home production. [11]

  6. Consumer price index - Wikipedia

    en.wikipedia.org/wiki/Consumer_price_index

    A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...

  7. Personal consumption expenditures price index - Wikipedia

    en.wikipedia.org/wiki/Personal_consumption...

    The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services .

  8. Government spending - Wikipedia

    en.wikipedia.org/wiki/Government_spending

    Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.

  9. Aggregate demand - Wikipedia

    en.wikipedia.org/wiki/Aggregate_demand

    In economics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. [1] It is often called effective demand, though at other times this term is distinguished. This is the demand for the gross domestic product of a country.