Create an account
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy
Expenditures on (production of) new plant, equipment, and structures (capital) in a given time period, plus changes in business inventories. Such as constuction
G = Government Spending (or purchases) - all goods and services bought by government. Excludes transfer statments and interest on debt
(see liabilities) - are amounts owed by the business and represent amounts that individuals or organizations have lent to the business.
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