Glossary of Common Terms: Difference between revisions

Revision as of 11:43, 23 September 2024

gross domestic product (GDP) -- The most widely accepted measurement of the health of a nation's economy.
- To learn more, see:

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 * '''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:
+*** [[US Gross Domestic Product (GDP)]]
 *** [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]