Economic Tip of the Day: August 23, 2012
One of the most basic tenets of Macroeconomics 101 is the concept of Gross Domestic Product (GDP). A country’s GDP is its annual total of all its monetary transactions. The most common way to measure GDP is to sum a nation’s Consumption plus Investment plus Government Spending plus Exports, typically abbreviated C+I+G+X.
- Germany Posts Budget Surplus, but GDP Growth Slows (247wallst.com)