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