Glossary of Common Terms: Difference between revisions

Revision as of 10:43, 23 September 2024

gross domestic product (GDP) -- The most widely accepted measurement of the health of a nation's economy.
- Four key components:
  - consumption (C) -- represents private-consumption expenditures by households and nonprofit organizations
  - investment (I) -- refers to business expenditures by businesses and home purchases by households
  - government spending (G) -- denotes expenditures on goods and services by the government
  - net exports (NX) -- represents a nation’s exports minus its imports
- To learn more, see:

@@ Line 2: / Line 2: @@
 * '''gross domestic product (GDP)''' -- The most widely accepted measurement of the health of a nation's economy.
-** [https://www.bea.gov/data/gdp/gross-domestic-product|U.S. Bureau of Economic Analysis]
+** Four key components:
-** [https://www.investopedia.com/terms/g/gdp.asp|Investopedia]
+*** consumption (C) -- represents private-consumption expenditures by households and nonprofit organizations
+*** investment (I) -- refers to business expenditures by businesses and home purchases by households
+*** government spending (G) -- denotes expenditures on goods and services by the government
+*** net exports (NX) -- represents a nation’s exports minus its imports
+** To learn more, see:
+*** [https://www.bea.gov/data/gdp/gross-domestic-product U.S. Bureau of Economic Analysis]
+*** [https://www.investopedia.com/terms/g/gdp.asp Investopedia]
+*** [https://www.britannica.com/money/gross-domestic-product Britannica]