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Gross domestic product

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Alicia Ross
Alicia Ross
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National Income Accounting Ms. Ross Spring 2006
Three Macroeconomic Goals ,[object Object],[object Object],[object Object]
Gross Domestic Product (GDP) ,[object Object],[object Object]
Real GDP ,[object Object],[object Object],[object Object]
Four Categories of Goods and Services (Expenditure Approach) ,[object Object],[object Object]
Categories of GDP (cont’d) ,[object Object],[object Object]
Examples:
Events Affecting Spending on C, I, G and (X-M) ,[object Object],[object Object],[object Object]
G + I + C + (X-M) ,[object Object],[object Object],[object Object]
G + I + C + (X-M) ,[object Object],[object Object],[object Object]
G + I + C + (X-M) ,[object Object],[object Object],[object Object]
G + I + C + (X-M) ,[object Object],[object Object],[object Object]
Inflation ,[object Object],[object Object],[object Object]
Consumer Price Index (CPI) ,[object Object],[object Object],[object Object]

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Gross domestic product