January 27, 2017 - GDP Notes
8:39 AM
GDP Notes
GDP - Gross Domestic Product
GNP (Gross National Product) - Total value of all goods including production or income earned by Americans anywhere in the world.
Formulas
GDP = C + Ig + G + Xn
C = Consumption
Ig + Gross Domestic Private Investment
G = Gov Spending
Xn = Net Exports
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