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Nation`s Economy. GDP. Economic Indicators. - Coggle Diagram
Nation`s Economy. GDP. Economic Indicators.
branch of economics
Macroeconomics
Microeconomics
GDP includes
in its final form
sold for the first time
during a specific year
Ways of determining GDP
the flow-of-product approach
determine total value
count spending
investment
government
net export
consumption
the earning-and-cost approach
count money received
measure receipts
Indicators
coincident
the same time shifts occur
lagging
after a change
leading
before a change
The Godfather of indicators
measure economic performance
hold investment potential
Composite index
average of all the indicators
for each of 3 sets of indicators