Lec_3_Real_GDP

Lec_3_Real_GDP - EC 400 Real GDP GDP is the total market...

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EC 400 1 Real GDP GDP is the total market value of all goods and services produced within the United States during a specific period of time. Important Points about GDP Only final goods count. Important Points about GDP Only final goods count. Only goods produced during the year count.
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EC 400 2 Important Points about GDP Only final goods count. Only goods produced during the year count. Only goods produced within the United States count. Important Points about GDP Only final goods count. Only goods produced during the year count. Only goods produced within the United States count. It is a measure of the “value” created within our borders. Important Points about GDP Only final goods count. Only goods produced during the year count. O l d d d ithi th U it d Only goods produced within the United States count. It is a measure of the “value” created within our borders. It is a measure of the “value” created during a specific period of time.
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