An example of a stock is _______ and an example of a flow is _______.

investment; depreciation
depreciation; capital
capital; investment
investment; capital

Depreciation equals _______________________.

gross investment minus net investment
capital minus gross investment
capital minus net investment
net investment minus gross investment

Government purchases include ___________________.

transfer payments and education
net exports
consumption expenditure
expenditure on roads, bridges, and education

A country's investment can only be financed by ___________________.

national saving and borrowing from the rest of the world
a government budget surplus
saving by households and firms
making exports exceed imports

Gross Domestic Product is equal to the sum of consumption expenditure, investment, government purchases and _____________________.

net exports
injections
profits
saving

Intermediate goods and services _________________.

are used to produce final goods and services
include used goods
are included in GDP
are double counted in GDP

Saving _________________.

increases wealth
is a stock
increases consumption expenditure
equals income minus consumption expenditure minus net exports

The value of a firm's production minus the value of the intermediate goods that the firm used in the process is ____________.

nominal GDP
real GDP
potential GDP
value added

The measure of the average level of prices of the goods and services that a typical UK household consumes is called __________________.

the Consumer Price Index
the GDP deflator
the rate of inflation
the Retail Prices Index

The Retail Prices Index and the GDP deflator are __________________.

measures that reflect the prices of all goods in GDP
equal in value
a constant proportion of GDP
two measures of the price level