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1/21 - Commerce. Calculating GDP. Expenditure Method Value...

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1/21-23 EC Rebekah Kim The Most Fundamental Macro Concept: GDP (cont.) GDP- gross domestic product. Market value of all final goods and services  produced within a country in a year. Measuring GDP- process called “ national income accounting” Calculated by the Bureau of Economic analysis- a division of the Dept. of 
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Unformatted text preview: Commerce. Calculating GDP. Expenditure Method Value added method- adding the additional value. Investment- businesses by a new good 21/01/2009 10:51:00 21/01/2009 10:51:00...
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1/21 - Commerce. Calculating GDP. Expenditure Method Value...

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