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AGGREGATE OUTPUT: The macroeconomy's total production of final goods and services. You might recognized it by it's official term gross domestic product. Another related term is aggregate supply. This is the total production in the economy that is purchased by the four basic economic sectors -- household, business, government, and foreign. See also aggregate market, aggregate demand, aggregate expenditures.

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FREE TRADE AREAS

A group of nations that have agreed to eliminate (or at least minimize) trade barriers -- especially tariffs, import quotas, and assorted regulatory non-tariff barriers -- within the group to encourage mutual trade. Free trade areas are usually contiguous or adjacent nations, often located on the same continent. Three noted free trade areas are comprised of nations located in North America, Europe, and Asia.

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APLS

BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time at an auction wanting to buy either decorative picture frames or storage boxes for your income tax returns. Be on the lookout for rusty deck screws.
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In the early 1900s around 300 automobile companies operated in the United States.
"In a time of drastic change, it is the learners who inherit the future. "

-- Eric Hoffer, philosopher

IIP
Index of Industrial Production
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