Macroeconomics

What's it: A capital account is a part of the balance of payments in addition to the current account and financial account. It records the net

What's it: Kondratieff cycle is a long-run economic cycle. That's according to the name of its discoverer, Nikolai D. Kondratieff, a Russian

What's it: Gross national product (GNP) is the total monetary value of the products and services produced by a country's citizen, regardless of where

Gross investment is the sum of expenditures for new capital purchases and the replacement of depreciated capital. The company buys new capital goods,

Gross domestic private investment represents investment spending by the private sector. This is one component of gross domestic product (GDP) in

Price stability is when the inflation rate is low and does not fluctuate in the extreme. Stability does not mean inflation is zero percent. Say, the

Consumption expenditure represents spending by households. It covers purchasing three product categories: durable goods, nondurable goods, and

Sustainable economic growth means economic growth continues over time and does not jeopardize future generations' ability to expand productive

Under the expenditure approach, gross domestic product (GDP) equals the sum of all spending on final goods and services in a country during a certain

Under the income approach, gross domestic product (GDP) is the sum of all income received by the owners of the factors of production. The factors of