Friday, January 29, 2016

UNIT 2 1/28/16


  • INCLUDE IN THE GDP
C- Personal consumption expenditures
         *65% money consume*
                 EX: Cheese cakes, pizza, etc..
IG- Gross Private Domestic Investment
          *17% money consume*
                  A.) 1st Factory Equipment maintenance
                  B.) New Factory Equipment maintenance
                  C.) Construction of Housing
                  D.) Unsold inventory of product built in a year ( a house was guilt but yet to be
G- Government Spending
          *20% money consume*
                   EX: Teachers paycheck
GnP- total market value of all final goods and services by citizens of that country on itd 

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