7/24/2019 Random Econ Notes

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Stock vs. fowStock Overall amountFlow stu that goes in and out o that overall amount

Wealth Overall amount or net worth (stock)

Income

what you earn yearly (fow)

We are looking at the stock o caital when looking at !"#We cature Ig (!ross investment) $ut the net investment is what get%saddedto the stock o caital

When !"# increases economic growth increases and unemloymentdecreases

!"# declines or two consecutive &uarters' the economy is said to $e

in a recession.

!"# does not include

#urely nancial transactionsranser ayments*uys and sells o stocks and $onds+*ut $roker ees are included

Secondhand sales,sed cards

Intermediate goods and servicesForeign roduced goods and services