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Nation's economy - Coggle Diagram
Nation's economy
Expenses on products
Expenses of enterprises on new capital goods (13%)
Expenses of all levels of government (21%)
Expenses of individuals (65%)
Net exports of goods and services (1%)
Economic indicators
Coincident
Lagging
Leading
Economic units
Kinds
Firms
Department of Central and Local Government
Households
They determine
Total income
The overall level of production of goods and services
Total expenses
Sections of the economy
Microeconomics
Particular company
Particular person
Macroeconomics
Unemployment
Interest rates
Level of inflation
GDP
GDP includes
Only the final product
Products sold for the first time
Goods and services produced during the year
Ways to measure GDP
Earnings-and-cost approach
Taxes the government receives
Interest on deposits
Wages and salaries
Money received as rent
Business profits
Flow-of product approach