20190923_163208.jpg - 1 Historical Origins of GDP 2 Methods of Calculating How to measure production spending on producer Ignore Taxes Income earned on

20190923_163208.jpg - 1 Historical Origins of GDP 2 Methods...

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Unformatted text preview: 1. Historical Origins of GDP 2. Methods of Calculating How to measure production spending on producer Ignore Taxes Income earned on production y .1 GDP = Production ( output) = Income z Expenitunes uni-ball figNo Well use these terms interchangebly " Expenditure " equation for GDP. Computes GDP based on sector of the GDP = C + I +G+ NX spenddoon the C: consumption Iz Investment Ge Government Spending My= Nee expo what puts production in each categor is who Is buying I An of this only includes production that fits GDP definition Two Types of Questions 1. Is X in US 2018 GDP? - Covered in GDP, Lesson 2 2. Is X in the investment category of 2018 GDP? - G DP Lesson 7 +3 - If yes does H Not deathed to measure everything...
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