what are its components?
Consumption (C), investment (I), government spending (G) and net exports (X – M).
Gross domestic product
GDP (Y) is the sum of consumption (C), investment (I), government spending (G) and net exports (X – M).
what is mackensen-class battlecruiser? Last class of battlecruisers built during WW1 what was the ww1? A global war originating in Europe. name a few parties involved. UNANSWERABLE how did it affect the economy? GDP increased for three Allies but decreased in France and Russia, in neutral Netherlands, and in the three main Central Powers. what is full form of that abbreviation ? Gross domestic product what does it represent? Monetary measure of the M.P. of all the final goods and services produced in a specific time period. can you mention its one limittion? Measurements of national income result in abuse since they deal with matters that are the center of conflict of opposing social groups. how is it connected to living standards? GDP per capita is often used as an indicator of living standards. by whom was this term introduced? UNANSWERABLE
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Gross domestic product [SEP] Components of GDP by expenditure
GDP (Y) is the sum of consumption (C), investment (I), government spending (G) and net exports (X – M). Here is a description of each GDP component: Note that C, G, and I are expenditures on final goods and services; expenditures on intermediate goods and services do not count. (Intermediate goods and services are those used by businesses to produce other goods and services within the accounting year.)