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Gross Domestic Product: Difference between revisions
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== Components Definitions == | == Components Definitions == | ||
GDP is equal to Consumption + Investment + Government Spending + Net Exports (Exports minus Imports), where total Investment is equal to Fixed Investment plus the Change in Inventories. The '''change''' in GDP will therefore equal the '''change''' in Consumption + the '''change''' in Investment + the '''change''' in Government Spending + the '''change''' in Net Exports, where the change in Investment will equal the '''change''' in Fixed Investment plus the '''change''' in the Change in Inventories. | |||
=== Change in Private Inventories === | === Change in Private Inventories === | ||