1/21 - Commerce • ← Calculating GDP… ← Expenditure...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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 
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

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 ←...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern