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Nation`s Economy - Coggle Diagram
Nation`s Economy
GDP
public and private consumption
investments
government outlays
foreign balance trade
units
households
decisions
total spending
total income
total level of production
firms
government departments
flow-of-product approach
all the money spent=total value
GPD=Consumption+Investment+Government+X(net exports)
consumer spending
expenditures of individuals
final goods
spendng of businesses
new capital goods
spending of all levels of government
net exports
microeconomics
individual areas
particular market
particular company
branch of economics
features
level of inflation
unemployment
interest rates
expansion/conraction of the economy
indicators
leading
change before a major change
coincident
change at the same time
lagging
hange after a major change
US Commerce Department
composite index(single number)
average
GDP
productivity levels
two consecutive negative quarterly GDP=recession
The Godfather
monthly release=tool for measurement
movement=investing potential
gross domestic product(GDP)
output
factors of production
no matter who owns
goods and services with their value
limit factors
specific year goods
final form of goods
first-time sold goods
earnings-and-cost approach
all the money received(receipts)
business profits
wages
salaries
taxes
interest on deposits
rent