3,882
edits
Gross Domestic Product: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 2: | Line 2: | ||
== 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. | 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. | ||
=== Net Exports === | |||
<u>Methodology</u>: https://www.bea.gov/system/files/2019-12/Chapter-8.pdf | |||
=== Change in Private Inventories === | === Change in Private Inventories === | ||