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A NATION’S ECONOMY. GDP. ECONOMIC INDICATORS - Coggle Diagram
A NATION’S ECONOMY. GDP. ECONOMIC INDICATORS
economy
firms
TI
level of production
departments
households
economy
Microeconomics
individual areas
Macroeconomics
general features
Statistics
GDP
output
factors of production
goods and services
counted
value determined
factors limit
final product
sold for the first time
specific year
measure GDP
flow-of- product approach
all money
total value
new product
GDP increases
categories
new capital goods
private domestic investment
13%
government
21 %
expenditures of individuals
65 per cent
personal consumption expenditures
net exports
1%
earnings-and-cost approach
production
all money
calculating
makes
country earns
business profits
wages
taxes
predict expansion or contraction
indicators
coincident
shifts
lagging
change
leading
major change
composite index
three sets
average