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.

 

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    1. Economic Tip of the Day: August 26, 2012 « Econoblog

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