Gross domestic product definitions

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Intros
Lessons
  1. GDP Definition
    • Market value
    • Final Goods and Service
    • Production Within a Country
    • Given Time period
  2. Circular Flow of Income & Expenditure
    • Households, Firms, Government, Rest of the World
    • Circular Flow Diagram
    • GDP = Expenditure = Income
    • Y=C+I+G+XMY=C+I+G+X-M
  3. The "Gross" In Domestic Product
    • The Meaning of "Gross"
    • Depreciation
    • Gross & Net Investment
    • Gross & Net Profit
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Examples