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Nation's economy. GDP. Economic indicators - Coggle Diagram
Nation's economy. GDP. Economic indicators
Individual economic units and their decisions
households
firms
departments of central and local government
the total spending, income and production level
Sides of economy
microeconomics
concerned with individual areas of economy
macroeconomics
concerned with the major, general features of a country's economy
Gross Domestic Product or GDP
Limit factors of counting GDP
year of production
final form of purchase
selling for the first time
The role of GDP in the economy
Ways of measuring GDP
FLOW OF PRODUCT APPROACH
Counting all money determine total value
EARNINGS AND COST APPROACH
Measures receipts, counting the revenue of the whole country