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    GDP (Gross Domestic Product) : Y C + I + G + NX

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    Randy Rosigit
    GDP is calculated as the total value of goods and services produced within a country in a given year. It is represented by the equation Y = C + I + G + NX, where Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports. GDP includes consumption, investment, government purchases, and net exports, but excludes items consumed at home that never enter the marketplace and products produced and sold illicitly.

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    GDP (Gross Domestic Product) : Y C + I + G + NX

    Uploaded by

    Randy Rosigit
    12 views1 page
    GDP is calculated as the total value of goods and services produced within a country in a given year. It is represented by the equation Y = C + I + G + NX, where Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports. GDP includes consumption, investment, government purchases, and net exports, but excludes items consumed at home that never enter the marketplace and products produced and sold illicitly.

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    Impairment Report

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    GDP.docx

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    GDP is calculated as the total value of goods and services produced within a country in a given year. It is represented by the equation Y = C + I + G + NX, where Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports. GDP includes consumption, investment, government purchases, and net exports, but excludes items consumed at home that never enter the marketplace and products produced and sold illicitly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    12 views1 page

    GDP (Gross Domestic Product) : Y C + I + G + NX

    Uploaded by

    Randy Rosigit
    GDP is calculated as the total value of goods and services produced within a country in a given year. It is represented by the equation Y = C + I + G + NX, where Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports. GDP includes consumption, investment, government purchases, and net exports, but excludes items consumed at home that never enter the marketplace and products produced and sold illicitly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    GDP (Gross Domestic Product)

    1.) Calculation:

    Y = C + I + G + NX
    Y = GDP
    C = Consumption
    I = Investment
    G = Government Purchases
    NX = Net Exports
    2.) What is included and not included in GDP:
    Included
    - Consumption
    - Investment
    - Government Purchases
    - Net Exports
    Not Included
    - Items Consumed at home (Never enter the marketplace)
    - Product produced and sold illicitly (etc. illegal drugs)

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