Gross domestic product and gross national income, Accounting Basics

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Gross domestic product and gross national income

Question: Define the key terms below in their appropriate context using complete sentences.

1. Economic indicators

2. Gross Domestic Product (GDP)

3. Gross National Income (GNI)

4. Trade deficit

5. Per capita

6. Gross National Income Purchasing Power Parity (GNI PPP)

7. Walt Rostow

8. Rostow's Stage One

9. Rostow's Stage Two

10. Rostow's Stage Three

11. Rostow's Stage Four

12. Rostow's Stage Five

13. Raul Prebisch's "Dependency Theory"

14. Import Substitution Industrialization (ISI)

15. Mohammad Mossadegh

16. Internationalization of economic capital

17. Ecotourism

18. Free Trade

19. NAFTA

20. Maquiladoras

21. Special Economic Zones (SEZs)

22. Alfred Weber

23. Weight losing industries

24. Distant elastic products

25. "Weight gaining" industries

26. Supply chain

27. Ubiquitous industry

28. Interstate highway system

29. Vertical integration

30. Henry Ford

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Accounting Basics: Gross domestic product and gross national income

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